Pakistan close to agreeing price for Qatar LNG deal.

Pakistan is still in negotiations to finalize a multi-billion-dollar liquefied natural gas (LNG) import contract with Qatar and expects to reach a price for the deal by end of this month or the next, Pakistan’s petroleum minister said on Wednesday.

The 15-year deal was struck last year and will be for 1.5 million tonnes a year of LNG.“The price has not been finally agreed yet; the only thing left is price right now,” Minister of State for Petroleum Jam Kamal Khan told Reuters in Abu Dhabi.

[tbpspa]

“I think the final agreement will be either this month or in February,” he said, adding that he expects the deal to be finalised during a visit to Qatar by Pakistan’s Prime Minister. He did not give a date for the visit.

Gas is used to generate nearly half of Pakistan’s electricity. The country produces about 4.1 billion cubic feet per day but needs around 6 billion cubic feet per day, depending on the time of year.

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