LNG deal with Qatar cheapest in South Asia: PM’s spokesman


ISLAMABAD, Feb 11 (APP): The government on Thursday said the deal sealed with Qatar for import of Liquified Natural Gas (LNG) at the price of 4.78 dollars per mmBtu was the cheapest of its kind in South Asia. Prime Minister’s spokesman Dr Mussaddiq Malik at a press conference said the landmark deal would save the country Rs 100 billion per annum and would contribute to meeting the country’s energy needs by 25 percent. Malik said the settled price was 13.37 percent of the brent and was cheaper than the gas to be imported through Iran-Pakistan and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline projects.