AZADPAKISTAN2009
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GDF Suez keeps US$25bn gas contract
By Syed Fazl-e-Haider
KARACHI, Pakistan - Paris-based GDF Suez, which earlier this year faced the loss of a US$25,000,000,000 (25 billion) contract to supply Pakistan with liquefied natural gas (LNG), is to be awarded the contract after all.
The contract to import 3.5 million tonnes of LNG annually for 20 years was held in abeyance in April when the Pakistan Supreme Court reacted to media allegations that the lowest bidder had been ignored and ordered that the entire bidding process be reviewed. The LNG contract, part of a supply and regasification project known as Mashal, had been awarded to GDF Suez in February.
The 25 Billion dollars being awarded to the french company should remove some political misunderstanding on subs and other "Items" of concern
> Doors might open for the Merlin Project
> Door might also open for the other stuff (wink wink)
Reference:
http://www.atimes.com/atimes/South_Asia/LF24Df02.html
I guess its positive move - this deal should soften up some matters
By Syed Fazl-e-Haider
KARACHI, Pakistan - Paris-based GDF Suez, which earlier this year faced the loss of a US$25,000,000,000 (25 billion) contract to supply Pakistan with liquefied natural gas (LNG), is to be awarded the contract after all.
The contract to import 3.5 million tonnes of LNG annually for 20 years was held in abeyance in April when the Pakistan Supreme Court reacted to media allegations that the lowest bidder had been ignored and ordered that the entire bidding process be reviewed. The LNG contract, part of a supply and regasification project known as Mashal, had been awarded to GDF Suez in February.
The 25 Billion dollars being awarded to the french company should remove some political misunderstanding on subs and other "Items" of concern
> Doors might open for the Merlin Project
> Door might also open for the other stuff (wink wink)
Reference:
http://www.atimes.com/atimes/South_Asia/LF24Df02.html
I guess its positive move - this deal should soften up some matters
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