The annual contract quantity for 2016 has been agreed at a prorate of 2.25 metric tonne while the price for each cargo has been agreed at 13.37 per cent of Brent.
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The paper noted that the Qatar Liquefied Gas Company Limited 2 (QG2), which would be supplying LNG to PSO, would pay $320,000 per ship as port charges against actual charges of $750,000.
25mt and for 2017 Q2 to 2031: 3. Downward flexibility can be accumulated for two contract years. The PSO would be required to make full payment 15 days after the completion of LNG unloading.
Pakistani petroleum minister Shahid Khaqan Abbasi said the deal will fill about 20 percent of the south Asian country’s gas needs.
The three more agreements of 4.5 million ton gas would be signed to supply gas to the most efficient power plants which would help to overcome power crisis till end of 2018, he added.
The Spokesperson said the deal would also help accelerate the pace of economic development, increase electricity generation and enhance fertilizer production. The PNC held a series of meetings with Qatargas and finalised the price and key commercial terms of the SPA.
The two sides would also exchange views on regional and worldwide issues of mutual interest. Simply put, the minimum supply period under the agreement would not be less than 11 years.
Port charges over and above that will be paid by PSO.
The price of integrated LNG import project at $40 Brent was calculated at $6.01 per MMBTU.
01/MMBtu, Qatar last offer: $6.
70 per MMBtu, TAPI border rate: $5.
In a statement to the ASX, LNG Ltd said its Canadian subsidiary, Bear Head LNG, received final authorisation from the United States’ Department of Energy (DOE) to export LNG produced in the U.S. to countries that do not have free-trade agreements (FTA) with the US.
Shares of the prospective liquefied natural gas (LNG) exporter today edged down towards their 52-week low, trading as much as 8% lower. Pakistan, along with Egypt and Jordan, was a newcomer to the LNG import market in 2015, helping drive up demand and absorb growing world supplies from a wave of new projects.
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“2000MW shortage will be recovered”, he said. The government has signed the import deal to minimise the gap, official sources at Ministry of Petroleum and Natural Resources said.
