Thursday June 25, 2009
ISLAMABAD: Pakistan will seek quota of 3.5 million tons liquefied natural gas (LNG) from Qatar during the two-day negotiations starting on Thursday. LNG, to be imported from Qatar, would be used for power generation and industrial production, mainly the textile sector. Negotiations with Qatar Gas will also be held for import of LNG.
Qatar is one of the largest LNG producers of the world, operated by the state-owned Qatar Gas Company. LNG is one of the fastest growing fuels in the world and, due to high demand, its supply has been under stress. The Sui Southern Gas Company (SSGC) is already working to establish an LNG terminal in the country.
A delegation of Petroleum Ministry, led by Advisor to Prime Minister on Petroleum and Natural Resources, Dr Hussain, is in Doha to discuss import of LNG from Qatar. G A Sabri, Special Secretary Ministry of Petroleum, is also accompanying the Advisor. Talking to Business Recorder from Doha, Asim said that Pakistan requires a quota of 3.5 million tons LNG from Qatar, to be utilised for power generation and industrial units, including textile.
About the cost of LNG to be imported from Qatar, he said that it would be equivalent to the price of furnace oil but it would result in fuel diversification in the country, and added that it would also prove an environment-friendly fuel. He said that import of LNG from Qatar would ensure regular fuel supply to industrial units and power plants at a time when the furnace oil prices shot up in the international market.
It would also help accelerate the economic growth that is hurt by power and gas shortage, the Advisor said, adding that Pakistan also needs to secure energy for future growth. According to the working of Petroleum Ministry, Pakistan requires additional gas supply for at least five years when there is likelihood of Iran-Pakistan (IP) gas pipeline becoming operational.
Qatar produces around 1,600 million cubic feet natural gas per day, which is transferred to plants known as 'the trains', which are 300 metres long and the trains process the natural gas into the exportable liquefied natural gas (LNG). LNG production started in Qatar in 2005 and Qatar Gas exports 10 million tons per annum LNG. Qatar Gas Company plans to expand capacity in 2010 to 42 million tons per annum.
(BRecorder)
ISLAMABAD: Pakistan will seek quota of 3.5 million tons liquefied natural gas (LNG) from Qatar during the two-day negotiations starting on Thursday. LNG, to be imported from Qatar, would be used for power generation and industrial production, mainly the textile sector. Negotiations with Qatar Gas will also be held for import of LNG.
Qatar is one of the largest LNG producers of the world, operated by the state-owned Qatar Gas Company. LNG is one of the fastest growing fuels in the world and, due to high demand, its supply has been under stress. The Sui Southern Gas Company (SSGC) is already working to establish an LNG terminal in the country.
A delegation of Petroleum Ministry, led by Advisor to Prime Minister on Petroleum and Natural Resources, Dr Hussain, is in Doha to discuss import of LNG from Qatar. G A Sabri, Special Secretary Ministry of Petroleum, is also accompanying the Advisor. Talking to Business Recorder from Doha, Asim said that Pakistan requires a quota of 3.5 million tons LNG from Qatar, to be utilised for power generation and industrial units, including textile.
About the cost of LNG to be imported from Qatar, he said that it would be equivalent to the price of furnace oil but it would result in fuel diversification in the country, and added that it would also prove an environment-friendly fuel. He said that import of LNG from Qatar would ensure regular fuel supply to industrial units and power plants at a time when the furnace oil prices shot up in the international market.
It would also help accelerate the economic growth that is hurt by power and gas shortage, the Advisor said, adding that Pakistan also needs to secure energy for future growth. According to the working of Petroleum Ministry, Pakistan requires additional gas supply for at least five years when there is likelihood of Iran-Pakistan (IP) gas pipeline becoming operational.
Qatar produces around 1,600 million cubic feet natural gas per day, which is transferred to plants known as 'the trains', which are 300 metres long and the trains process the natural gas into the exportable liquefied natural gas (LNG). LNG production started in Qatar in 2005 and Qatar Gas exports 10 million tons per annum LNG. Qatar Gas Company plans to expand capacity in 2010 to 42 million tons per annum.
(BRecorder)
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