Pakistan has formed a panel comprising officials from the petroleum and natural gas, finance, and water and power ministries to come up with the volumes and price of LNG to be imported from Qatar, an oil ministry source said Monday.
The Economic Coordination Committee held a meeting on Friday where it asked the government to form the nine-member committee, the oil ministry official said.
The panel members would be the secretaries from the ministries of oil and natural resources, finance, water and power; the chairman of the Board of Investment; the managing directors of Pakistan State Oil, Sui Southern Gas, Sui Northern Gas and the Inter-State Gas company; and a legal consultant, the finance ministry said in a statement on Friday.
The government plans to import around 200,000 Mcf/day of LNG from Qatar, with the likelihood of increasing it to 400,000 Mcf/day later. According to local media reports, Qatar had offered to sell the LNG at $18/MMBtu, but Pakistan is seeking to reduce this to $15-16/MMBtu.
