Pakistan eyes Qatar LNG deal
Doha, February 6, 2014
Pakistan will send officials to Qatar this month aiming to sign a liquefied natural gas (LNG) deal at a discount to help alleviate its power supply crisis, said a Pakistani official.
"Qatar wants to sell at a market price and Pakistan is looking to get a discount," the official said.
"We expect the deal to be signed this month for an amount of 3.5 million tonnes per year."
He said Pakistani energy officials would fly to Doha later this month hoping to convince Doha to sell them about five per cent of Qatar's annual LNG output at below international market rates.
LNG currently trades in the Asian spot market at nearly $20 per million British thermal units.-Reuters