Pakistan thanks Qatar for timely LNG supplies despite shortage globally

News Image

MG News | January 18, 2022 at 03:36 PM GMT+05:00

0:00

January 18, 2022: Pakistan on Tuesday thanked Qatar for ensuring timely supplies of the Liquefied Natural Gas (LNG) to it despite the commodity’s shortage in the international market, a news release said today.

Minister for Energy Hammad Azhar expressed the gratitude during a virtual meeting with Qatar’s Minister/Chief Executive for Energy Saad Sherida al-Kaabi.

During the video conference, the two sides also discussed ways and means to further promote the existing bilateral ties, particularly in the energy sector.

Welcoming the decision of Qatar Energy to invest in setting up the LNG terminal in partnership with a consortium of leading Pakistani companies, Hammad Azhar assured all possible support from the public sector.

He hoped that the Financial Investment Decision (FID) would be concluded soon, and the project would prove to be another milestone in the energy security of Pakistan.

In February last, Pakistan had signed a ten-year LNG agreement with Qatar, under which Pakistan was to get three million tons of LNG per year from Qatar Energy from January 2022. However, at Pakistan’s request, Qatar started early supplies from November 2021.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 153,866.17
113.04M
-0.36%
-555.27
ALLSHR 92,322.41
289.91M
-0.18%
-165.37
KSE30 47,054.02
67.50M
-0.57%
-268.71
KMI30 220,139.18
52.42M
-0.81%
-1787.82
KMIALLSHR 59,630.44
114.87M
-0.43%
-258.98
BKTi 44,089.65
23.49M
-0.09%
-38.05
OGTi 31,668.31
6.28M
-0.15%
-47.11
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 71,495.00 74,210.00
70,200.00
850.00
1.20%
BRENT CRUDE 103.89 103.95
97.60
3.43
3.41%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-12.90
-11.49%
ROTTERDAM COAL MONTHLY 122.70 123.80
122.70
-1.10
-0.89%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 99.31 99.32
92.04
3.58
3.74%
SUGAR #11 WORLD 14.41 14.53
14.30
0.03
0.21%

Chart of the Day


Latest News
March 14, 2026 at 05:56 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


March 14, 2026 at 05:13 PM GMT+05:00

Pakistan breaks the shackles of foreign fuel dependency


March 14, 2026 at 03:54 PM GMT+05:00

SECP triples Sahulat Account limit to Rs3m


March 13, 2026 at 11:06 PM GMT+05:00

Arif Habib, Power Cement to join KSE-100 from April 1



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg