LNG project with Qatar to be finalised this month

Minister for Petroleum and Natural Resources, Syed Naveed Qamar hoped load shedding of gas would come to an end by next year as a deal to import Liquified Natural Gas (LNG) from Qatar was about to be finalised this month.

The imported LNG would be used for power generation and industrial production, mainly for the textile sector, the minister said.

Qatar is one of the largest LNG producers of the world, operated by the state-owned Qatar Gas Company. LNG is one of the fastest growing fuels in the world and due to high demand, its supply has been under stress.