With the declining international market, Qatar has also scaled down its price offer to $14 per Million British Thermal Units (MMBTU) for sale of liquefied natural gas (LNG) to Pakistan from its earlier bid for $18 — a reduction of about 22 per cent.
The LNG prices have plummeted to around $10 per MMBTU in the spot market, but the government would be able to directly benefit spot price due to Public Procurement Rules, managing director of the Sui Southern Gas Company Limited (SSGCL) Shoaib Warsi said on Friday.
Talking to journalists here, the SSGC MD said Pakistan was also in talks with Petronas of Malaysia for LNG import and would be able to strike a competitive price deal with either Qatargas or Petronas.
