What's new

Pakistan to purchase cheap LNG from Azerbaijan

FOOLS_NIGHTMARE

ELITE MEMBER
Joined
Sep 26, 2018
Messages
18,063
Reaction score
12
Country
United Kingdom
Location
United Kingdom
03195246b151af5.jpg

In a concerted effort to steer clear of costly liquefied natural gas (LNG) purchases from the global market, the Ministry of Petroleum officials have announced plans to enter into an agreement with Azerbaijan’s state-owned company.

As per the agreement, Pakistan will buy one LNG cargo per month from the Azerbaijani company, providing a viable solution to mitigate escalating cost of the energy.

The ministry officials have confirmed that an agreement is imminent, allowing for the purchase of one LNG cargo every month from the Azerbaijani company.

Following the approval of the Prime Minister Shehbaz Sharif, a summary was swiftly dispatched to the Economic Coordination Committee (ECC), ensuring the necessary procedural steps are taken to finalise the arrangement.

The government has prioritised establishing a direct gas purchase framework between Pakistan and State Oil Company of the Republic of Azerbaijan, largely known by its abbreviation SOCAR.

The company has committed to providing LNG to Pakistan at a rate 30% lower than the prevailing market prices.

This significant reduction in costs is expected to alleviate the financial burden and support Pakistan’s long-term energy sustainability goals.
 
That was cashed in previous elections. Need something new and flashy to show the people this time around.

None of these things will materialize. It's like telling the wife you'll buy her a Mercedes Benz, but you are too broke even to buy Kia. But you'll have the stupid awam believe this nonsense.

Also, still waiting for those Saudi refineries and so much more that was promised. Unless they see more benefits in Occupied Kashmir.
 
SOCAR Has been wanting to sell LNG To Pakistan For A Long Time.Hopefully They Will Be More Reliable Than ENI Or Gunvor
 

Back
Top Bottom