Five more LNG ac­cord to be signed with Qatar

The Pak Banker - - FRONT PAGE -

IS­LAM­ABAD: Min­is­ter for Pe­tro­leum and Nat­u­ral Re­sources Shahid Khaqan Ab­basi has said that five more Liqui­fied Nat­u­ral Gas (LNG) based agree­ments, would be signed with Qatar. Talk­ing to Voice of Amer­ica ( VOA) on Thurs­day, he said that Pak­istan has been pass­ing through a se­vere en­ergy cri­sis and the im­port of LNG from Qatar would be a pos­i­tive and wel­come step to ad­dress the is­sue.

He said that two coun­tries also signed three other agree­ments and Mem­o­ran­dum of Un­der­stand­ing (MoU) for co­op­er­a­tion in the fields of Ra­dio, TV, health, and aca­demic re­search. Pe­tro­leum Min­is­ter said that 50 per­cent needs of en­ergy of Pak­istan de­pend upon the en­ergy pro­duced by gas. He said that im­port of LNG from Qatar has been started par­tially but on the ba­sis of need, the LNG has been given to the users.

He said that un­der the agree­ment, three ships car­ry­ing LNG will reach ev­ery month in Pak­istan in 2016 and next year, adding that, num­ber of ships will be in­creased to five af­ter 2017. To a ques­tion, he said that Pak­istan has been fac­ing cri­sis of en­ergy for sev­eral years due to which not only, do­mes­tic users are fac­ing trou­bles but econ­omy of the coun­try has been af­fected badly. In his com­ment, for­mer Gen­eral Man­ager Sui South­ern Gas, Bri­gadier ® Agha Gul also said that the process of buy­ing LNG from Qatar was go­ing on from 2004.

Talk­ing to VOA, he said; "God will­ing, this will prove to be one of the achieve­ments Prime Min­is­ter Nawaz Sharif has se­cured so far." He said that peo­ple who have some "knowhow" of the en­ergy cri­sis will term this pro­ject as light at the end of the tun­nel. Agha Gul said the govern­ment has made the deal at the time when petrol prices have re­duced which will have a good im­pact on the deal. He said the deal will help in re­duc­ing load-shed­ding by 10 to 15 per­cent. A mem­ber of the Royal Fam­ily Shiekh Khalid bin Ha­mad made a cour­tesy call on Prime Min­is­ter Muham­mad Nawaz Sharif here on Thurs­day. The Prime Min­is­ter said that Pak­istan at­taches im­mense im­por­tance to its close and cor­dial re­la­tions with Qatar, which will be fur­ther strength­ened af­ter the sign­ing of the re­cent LNG agree­ment be­tween the two coun­tries.

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