Qatargas and Pakistan State Oil (PSO) are negotiating the terms of an agreement for Qatargas to supply LNG to gas-starved Pakistan, according to reports in Pakistani media. These indicate that Pakistan hopes to secure preferential pricing for the 1.5-3.1mn tons/year, 15-year supply contract under discussion.
Pakistan faces a widening gas shortage and a major electricity shortfall. Gas is scarce: the country was once a CNG-vehicle pioneer, a trend that is now reversing – driving sky-high gasoline demand growth. (CONTINUED - 1028 WORDS)