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LNG: Pakistan Plans to Renegotiate LNG Pricing with Qatar: Platts

LNG
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Pakistan plans to review the price of LNG under its 15-year contract with QatarEnergy due to decreased electricity consumption and financial difficulties, Platts said.

  • The original contract, signed at a slope of 13.37% of Brent, is being reconsidered to discourage expensive LNG-fired power.
  • State companies have deferred five LNG cargoes and expect more deferrals, Platts added.
  • The 15-year contract, supplying 3.75m mtpa, allows for price renegotiation or termination at the 10-year mark in 2026.
  • Pakistan State Oil also has a 10-year contract with QatarEnergy and a 15-year contract with Italy's Eni.
  • Price reviews are becoming common due to market volatility.
  • Pakistan has a government-to-government agreement with Azerbaijan's Socar for monthly LNG imports.
  • Pakistan imports 120-140 LNG cargoes annually, mostly under long-term contracts.
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Pakistan plans to review the price of LNG under its 15-year contract with QatarEnergy due to decreased electricity consumption and financial difficulties, Platts said.

  • The original contract, signed at a slope of 13.37% of Brent, is being reconsidered to discourage expensive LNG-fired power.
  • State companies have deferred five LNG cargoes and expect more deferrals, Platts added.
  • The 15-year contract, supplying 3.75m mtpa, allows for price renegotiation or termination at the 10-year mark in 2026.
  • Pakistan State Oil also has a 10-year contract with QatarEnergy and a 15-year contract with Italy's Eni.
  • Price reviews are becoming common due to market volatility.
  • Pakistan has a government-to-government agreement with Azerbaijan's Socar for monthly LNG imports.
  • Pakistan imports 120-140 LNG cargoes annually, mostly under long-term contracts.