Pakistan asks Qatar for extra LNG to assist ease its gas crunch | World News

June 07, 2022 Muricas News 0 Comments

Pakistan asks Qatar for extra LNG to assist ease its gas crunch | World News [ad_1]

The federal government requested Qatar -- its largest LNG provider -- for a number of further shipments each month beginning as quickly as this yr, in keeping with individuals with data of the matter.

Pakistan is in discussions for elevated deliveries of liquefied pure fuel from Qatar, the newest effort by the South Asian nation to assist ease a crippling gas crunch.

The federal government requested Qatar -- its largest LNG provider -- for a number of further shipments each month beginning as quickly as this yr, in keeping with individuals with data of the matter. Pakistan is requesting further cargoes as a part of its long-term contract, one of many individuals stated.

Discussions are ongoing, and it isn’t clear if Qatar has the spare capability to satisfy the request, stated the individuals, who requested anonymity because the talks aren’t public. Qatar, one of many world’s high LNG exporters, can be being requested for extra cargoes by European and Asian patrons amid a world provide scarcity, and has repeatedly stated it has little capability to spice up deliveries within the brief time period.

Pakistan’s petroleum minister Musadik Malik didn't reply to a request for a remark.

The worldwide power crunch is the newest downside for Prime Minister Shehbaz Sharif’s administration, which got here into energy in April after a interval of political upheaval. The nation’s power import prices doubled within the 10 months ended April, whereas an ongoing gas scarcity is triggering rolling blackouts throughout the nation.

Boosting deliveries from Qatar wouldn't solely alleviate Pakistan’s gas provide deficit, it will additionally assist insulate the nation from the risky and costly spot market. State-owned Pakistan LNG didn’t award a spot market buy tender final week after two suppliers had been disqualified, which may additional exacerbate its gas scarcity.

Pakistan additionally goals to signal a brand new long-term liquefied pure fuel buy deal, and is contemplating an settlement with varied international locations.

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