Pakistan mulls LNG import deal with countries including Russia

Pakistan has said that it is considering to sign a liquefied natural gas (LNG) purchase agreement with various countries including Russia as it seeks to secure supply and ease a crippling shortage.

According to Bloomberg, the Ministry of Energy said in a statement to the news outlet that the government “will go for the most favorable deal.” Pakistan is mulling a government-to-government contract to import the power plant and industrial fuel, according to the statement.

To note, Pakistan had signed two long-term agreements with Qatar for the import of LNG. One agreement was signed in 2015 for 15 years at 13.37 percent slope of Brent while, the second agreement was signed in 2021 at 10.20 percent slope of Brent for 10 years. Currently, LNG prices average around $29 per MMBtu on a spot basis.

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1 COMMENT

  1. The Pakistan Gas Stream, is the revolution

    In Step 1 – Putin is preparing the stage to exit the EU Gas market and pushing the EU to expensive LNG and billions in LNG infra ! That will raise the cost of manufacturing and cost of living in EU and thus the inflation in EU.Hence,EU will NO LONGER be an export hub to PRC and Euro will depreciate SEVERAL EU INDUSTRIES WHICH USE GAS AS AN INPUT (FEEDSTOCK OR FOR POWER – BEYOND A %),WILL CEASE TO EXIT.

    In Step 2 – The Gas not sold to EU,will be sold,via many streams – like the Pakistan Stream, to “LOW COST NATIONS”, where lower GAS COSTS = REVOLUTION,like in Pakistan ! Pipeline Gas, will crash the cost of Power, and also ,the cost of Industrial manufacturing = lower imports and a quantum leap in exports = NO CAD and PKR appreciation. In addition,several NEW INDUSTRIES,WHICH USE GAS AS FEEDSTOCK,WILL COME UP.

    In one stroke,Putin has crashed,Pakistan’s cost of manufacture, and make EU manufacturing unviable

    In Step 3 – Putin will use Pakistan to export to EU,,products which ARE UNVIABLE TO MAKE IN EU or TOO COSTLY (due to the RUSSIAN EXIT FROM THE EU GAS MARKET).This is Genius !So Putin, 1st destroys EU manufacturing,raises EU inflation and THEN GETS NATIONS LIKE PAKISTAN TO EXPORT TO THE EU – to offset the EU lack of competitiveness !

    Let us call this VALUE ADDED GAS SERVICES and tapping into the Gas Value addition Value Chain

    In Step 4 – Putin will get PRC to invest in Mega Billion USD SEZ in Pakistan – TO USE RUSSIAN GAS,CHINESE MONEY,CHINESE TECHNOLOGY,PAKISTAN MANPOWER AND PAKISTAN’s GEOGRAPHICAL POSITION, TO SET UP INDUSTRIES,WHICH ARE GAS GUZZLERS ,FOR EXPORTS, TO THE WHOLE WORLD – ESPECIALLY,THE EU. Russia and Pakistan will be investors in these industries,in part,and will use the profit streams to invest in the Pakistan Coal and Minerals sector for conversion to power and metal smelters.

    In Step 5 – .No nation has more skill in metal smelting than Russia, & no nation has more need for Metals – than PRC.That makes the Gas,Minerals & Metals, a perfect mix.The House of Saud, is already investing Billions in Pakistan Oil – & will invest even MORE with the Russian-China-Pakistan triad – to make a Quad,right next to India !

    In Step 6 – The industrial revolution will begin in Afghanistan – with the Gas Pipeline & the minerals, will be extracted on a massive scale, for conversion,at the nearest logistics point,which is Pakistan (in the shirt term) – also because,Pakistan has a deep draft port for export !

    In Step 7 – The Indians will try to scuttle the gas grid,with the Americans – in Afghanistan or Kaza or Uzbek or EVEN in Pakistan.That will place Pakistan-PRC-Russia-Afghanistan-Kaza-Uzbek ,into a security grid,with billions pumped into Pakistan ,for Missile tech,ADS, Navy & Airforce,by Russia &China.

    In Step 8 – That leaves out ,ONLY FOOD ! Hence, PRC & Russia – who are the best water and dam experts in the world – will get water into Balochistan & other parts of Pakistan, by making dams & canals,to use the fertile lands of Pakistan to feed Russia,PRC & the Central Asian republics.Consistent water supply & low cost power,can cause an AGRI EVOLUTION ,w/o any peer in the world.No other nation or geography has that much potential.(and Baloch has Gwadar,,for exports)

    From Peter the Great,to Putin the Divine ! dindooohndoo

    Many opined about this TRIAD of PRC-Russia-Pakistan – but only 1 man,saw it,a long time ago,when it was considered, a crazed rhapsody.Lt Gen Hamid Gul ! Time for Pakistan to exit the Axis of the USA

    A NWO has been born,with the Russian Octopus,which has the brain & body of PRC-Russia, tentacles (like gas pipelines) and each tentacle is REVOLUTIONISING NATIONS LIKE PAKISTAN !

    Jiye Jiye Pakistan !

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