LNG

Pakistan seeks lower-cost LNG from Qatar

Pakistani Prime Minister Imran Khan visited Qatar this week with the aim of renegotiating his country’s long-term LNG contract in order to cut costs Pakistani Prime Minister Imran Khan visited Qatar this week with the aim of renegotiating his country’s long-term LNG contract in order to cut costs.
By Andrew Walker 24 January 2019 0 33872
Pakistani Prime Minister Imran Khan at a political event in August 2018. (PA)

Pakistan is seeking to renegotiate the price it pays for LNG in its long-term contract with Qatar. The South Asian country is struggling to afford the fuel amid mounting debt and dwindling foreign currency reserves.

Pakistani Prime Minister Imran Khan met the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, on Tuesday to ask for a cut in the price Pakistan pays for Qatari LNG under its long-term contract with the country and to be able to revise the price every five years.

Pakistan currently pays 13.37%...