Govt fails to buy subsidised LNG

[Kabira]

Good news. Next should be CPEC loans.

 

[Bilal.]

I am sorry I do not understand "new on top of the old"

do you mean 2 concurrent ones?
then the old one was $17 billion and "new" one will be around 4 billion less. my understanding is as follows: https://defence.pk/pdf/threads/govt-fails-to-buy-subsidised-lng.698399/post-12982220 wallahualim bisswabi

Yes that’s what I meant, it’s in addition to the previous one. We need more LNG and this is to cater that additional demand. No doubt it’s a much better deal. Old one will be open for renegotiation by 2025 (after 15 years) per the contract.

 

[Patriot forever]

Good news. Next should be CPEC loans.

CPEC chinese government concessionary financing is never a concern, in fact it is a minute factor in the overall scheme of things. The concern lies in commercial loans taken for CPEC power projects and agreements signed against these projects (extreme corruption and incompetence). Let us not confuse these 2 different things, both fall under CPEC umbrella but are polar opposite.

 

[Bilal.]

CPEC chinese government concessionary financing is never a concern, in fact it is a minute factor in the overall scheme of things. The concern lies in commercial loans taken for CPEC power projects and agreements signed against these projects (extreme corruption and incompetence). Let us not confuse these 2 different things, both fall under CPEC umbrella but are polar opposite.

The IRR on the CPEC power plant need to be renegotiated downwards from the current 17-18% and that too in dollars.

 

[darksider]

 

[The Eagle]

Didn't want to parade the party but.....

Pakistan signs long term LNG contract with Qatar at 10.2% slope.

Sorry haters, it's happening.