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Hi, Thanks for the tag. I don't really have much knowledge on the subject, but I don't see hydrogen becoming a threat to Oil/ Gas industry for few decades (atleast I hope for that, or I will be out of work). It will take alot of time and capital to convert power generation to hydrogen on...

Hi, Freight is included in the contract price, which means, we are not paying anything extra or on top for that, to supplier. And, you will appreciate, no extra charges for freight are accounted in calculating monthly Rlng price by Ogra. Port charges and other import related cost (referring...

Hi, PTI has also signed one of the lowest priced long term Lng contract with Qatar in 2021.

Hi, I don't think Arabs will mind us buying Oil and Gas from Iran. If we can get a good deal, we should, specially gas. One of our largest refinery used to buy alot of Iranian crude not that far long.

Hi, All our Lng contracts, whether from Qatar, Eni, Gunvor or Spot purchases are DES (delivered ex ship). We do not pay extra for shipment, it is included in the contract price. Qatar also pays $320,000 (per 2016 contract) and $400,000 (per 2021 contract) as port charges per cargo, which should...

Hi, The contract price for Gunvor; 1) 2015 contract with PSO, was 13.37% of three months averaged Brent for 60 cargoes, 2) 2017 contract with PLL, was 11.647% of three months averaged Brent for 60 cargoes. The contract term was 5 years for delivery of 60 cargoes. Penalty was only 30% of the...

Hi, You are cent percent correct here, this is exactly what every country, including Pakistan does. Secure enough through term contracts to cater their firm demand and cope seasonal demand through spot purchases. Unfortunately, for Pakistan, our term contracts with Gunvor and Eni, were poorly...

Hi, It was Zardari led PPP government that renegotiated and signed the deal during their last years. They should not have signed it, not at that price and certainly not with that penalty clause, but they did, and I have no logical explanation other than the assumption that some kind of payback...

Hi, ENI's one was definitely a mistake, just go through it's contract price and it's increments. We will always be leaving space for spot purchases, any government can only buy the quantity which it can sell, unless we have firm year round demand or storage facilities, we will continue to rely...

Hi, They did sign a big long term contract with Qatar in 2021, at the lowest ever price, only second to China's 10.19% (FOB) against PTI's 10.20% Brent (DES). Pmln 2016 contract was for 5 cargoes per month (ACQ 3.5 million tons) and Pti's contract is for 4 cargoes per month (ACQ 3 million...

Hi, I am not comparing the two. You are talking about Henry Hub pricing, which is not applicable for Pakistan - Iran (at 13.4% of JCC/ Brent) gas sales. If Iran agrees to sell at HH, Pakistan will build IP tomorrow. For references, please follow links in following post...

Hi, Qatar has no Lng left till its expansion is completed. The contract Pti has signed, is for 4 cargoes/ month from 2024 (that is 2 from 2022, 3 from 2023 and 4 from 2024 onwards). Our contracted regasification capacity is at 1200mmcfd. By 2024, we should have 1000mmcfd covered, out of which...

Hi, He is talking about ENI and Gunvor term contracts that were signed in late 2016, at only 30% cargo value as default penalty, which allowed both suppliers to keep on defaulting at will, whenever spot prices shot up. Gunvor has defaulted on 6 of it's 7 scheduled cargoes from January-June...

Hi, Are the charts showing wrong data? What should be the basis of a discussion? Shouldn't it be official data? Or do you prefer a subscribed opinion over it? You are assuming that the discount is $10 (per bbl) and subsidy is $20 (per bbl). Do you have any data to back your claim or it is just...

Hi, The questions is, why did it take more than 6 months for the PDM government to arrive to this very obvious conclusion? How much precious dollars Pakistan have lost due their indecisiveness in past 6 months? Who is responsible for the economical loss, the higher cost of Power Generation and...

Hi, Can you please expand on it? 1. Have you considered Pakistan's product imports and the impact of even a modest 10% discount on them will have? Would that not be sufficient to cover for fuel subsidies? 2. What will be the effect of discounted products (Fuel Oil) on power generation...

Hi, Russian Deputy PM, must have considered any payment clearance issues, before including Pakistan in their export growth calculus. This seems quite plausible that Russians do believe Pakistan has the ability and means to pay for its energy demands.