Pakistan State Oil allowed to sign $16 billion LNG deal with QatarStaff writer ▼ | January 15, 2016
The government allowed Pakistan State Oil (PSO) to sign LNG Sale Purchase Agreement (LSPA) with Qatargas for import of liquefied natural gas (LNG) of around $16 billion in 15 years at a relatively lower rate.
Energy and politics Qatargas had agreed to reduce LNG price to 13.37% of Brent
The ECC had been dragging feet to approve the LSPA with Qatar because of difference of opinion over its legalities and higher prices offered by Qatar.
The ECC gave a go-ahead when it was informed that Qatargas had agreed to reduce LNG price to 13.37 percent of Brent to match a bid received from Russian firm Gunvor for five years. ■