Pakistan’s government is considering signing long-term sales and purchase agreements for LNG to reduce its reliance on spot purchases, according to The Express Tribune.
Currently, Pakistan has a single government-to-government import agreement with Qatar, while Pakistan LNG Ltd has a short-term contract with Gunvor and a longer-term contract with Eni.
These contracts meet some – but not all – of the country’s gas demand, and Pakistan relies on spot purchases to make up the shortfall.
Bids submitted by companies such as Vitol, Trafigura and BB...
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