pakistan is being looted via expensive Qatari gas

[farok84]

no , you havent posted nor shared a single shred of evidence from PAKISTANI govt sources which claim that iranian NG was expensive vs qatari LNG

an you please any evidence that qatari LNG is cheaper vs iranian NG ?

Hi,

I already have. You are simply not ready to accept it. Please read and also try to understand the articles mentioned in below quoted post.

Hi,

The price of Iranian Gas through Iran-Pakistan Pipeline after proposed amendments in earlier signed GSPA was around equivalent to 12% (1) of Brent. Iran did not sign this amendment and only gave verbal commitments. So, the earlier signed GSPA linked to JCC (Japan Crude Cocktail) still stands with price equivalent to 14.25% (2) -13.4% (3) of Brent. Even if they had signed the amended GSPA (at 12% Brent), the price was outrageous and made no sense (even in 2017) and was even higher than Pakistan Lng contracts with Eni and Gunvor (priced at 11.6247-12.14% & 11.6247%) (5), that were signed in 2016. Their signed offered price stands at equivalent to +13.4% Brent, even higher than Qatar (13.37% Brent) 2016 Lng contract. Our new Qatar contract is priced at 10.2% Brent (4).

(1) https://www.thenews.com.pk/amp/180093-Pakistan-in-talks-with-Iran-to-renegotiate-IP-project-GSPA

"Shahid Khaqan Abbasi, minister for petroleum and natural resources, told the upper house that the government has requested Iranian authorities to bring changes in the gas sale and purchase agreement (GSPA). The price of natural gas, under GSPA, was agreed at $12 per million metric British thermal unit (MMBtu), if crude oil price stood at $100/bbl in the international market."

(2) https://www.dawn.com/news/1238783

"Compared with the natural gas import options, the government claimed the delivery price at border under the Iran-Pakistan gas pipeline was $5.70 per MMBTU at $40 Brent price and that of Turkmenistan-Afghanistan-Pakistan-India was $5.90."

(3) https://www.oxfordenergy.org/wpcms/wp-content/uploads/2013/06/NG-77.pdf
Page 37 of 87 (or 30)

View attachment 794597

(4) http://www.ogra.org.pk/download/6761

View attachment 794605

(5) http://www.ogra.org.pk/download/6568

View attachment 794603


If you are interested, please read following for Eni, Gunvor and IP GSPAs.

says who ? any source ? any link ?

Says the GSPA it had signed and is not ready to renegotiate. If Iran agrees to sell at Henry Hub prices, I will be the first one to lobby for that.

https://www.oxfordenergy.org/wpcms/wp-content/uploads/2013/06/NG-77.pdf

Rethinking Pakistans Energy Equation: Iran-Pakistan Gas Pipeline ... - publication details

Author

sdpi.org

Now, please prove me wrong by simply providing the contractual price of Iranian gas through Iran Pakistan Pipeline at landfall and the price to be charged to end consumer? Anyone who I have met supporting IP pipeline, have failed to do this simple task, which only requires few searches on google.

wtf

intl spot rates are prices decided by the market makers ( based on demand supply) . are you telling me that paksitan is buying crude and LNG at intl spot rates but wont get NG at the same ?
im sorry, but this is just plain b.s coming from you ,
and again, as usual , you share no evidence to back up your conjectures

Again, NG is not marketed in International Markets like LNG or other commodities. The whole idea behind Lng stems from finding a secure and affordable way for NG transportation. I have already shared evidence, which you are not ready to accept.

Do you mind me asking, whether you work in Oil or Gas industry, specially upstream, production or transportation?

more irrelavant and offtopic discourse . what is even the source of these posts you are writing ? you are on a public forum,not reddit , for gods sake

Does a news article from a reputable publication or a research paper by independent international and local experts on the subject count as sources?

If they do, then I have provided them all in earlier posts. Please go through them again.

 

[blueazure]

@farok84

thank you for post with links mentioned

ill go through them

 

[farok84]

@farok84

thank you for post with links mentioned

ill go through them

Hi,

Apart from the links I shared earlier, this one quotes the Minister for Petroleum and Natural Gas at the time (2012). The slope translates (lazily) to 13% of Brent (when Brent was to be priced at 100/bbl). Our 2016 contract with Qatar stands at 13.37% of Brent and 2021 stands at 10.2%. (I have shared Ogra price summary in Post # 30)


“Iranian gas will cost $13 per mmbtu and Turkmen gas $11 per mmbtu, if the crude oil price is $100 per barrel,” the official said; adding that Pakistan will sign a Gas Sales Purchase Agreement (GSPA) with Turkmenistan in the upcoming May talks.

Unanimous decision: TAPI gas transit fee finalised | The Express Tribune

Final talks on the project to be held on May 24 in Turkmenistan.

tribune.com.pk

For, Iran-Pakistan pipeline, I don't see this project going anywhere until Iran lowers its gas prices. The challenges do not just stops at the gas prices. As per the current GSPA, delivery point is at Iran-Pakistan border and Iran's obligations end there. That is, Pakistan will have to find a way to bring that gas from I-P border to Punjab. In its current design, the pipeline passes through Gwadar and culminates at Nawabshah. This will have to be extended to Lahore or tied into PSGP. These will cost additional tariff(s) to end consumer (typically 10% of contract price or additional $1.2/mmbtu when Brent is at $100/bbl, if the finances are coming from International lenders).

@Sainthood 101

Hi,

Adding to above quoted post (Post # 43) following should provide a better visualization for the additional pipeline required to bring I-P gas from Nawabshah onwards to consumers in Punjab (or it's tie into North - South or PSGP) and hence increasing further, the end consumer price.