
Pakistan’s $5bn LNG Gamble Backfires
The report says the Pak government locked into ‘take-or-pay’ contracts without demand guarantees, misjudging LNG price volatility and market risks….reports Asian Lite News Pakistan’s $5 billion investment in LNG infrastructure tied to a long-term deal with Qatar has become a major liability, as soaring gas costs have created a mismatch between demand and supply, according to The News International. Pakistan embarked on a large-scale LNG-based energy initiative beginning in 2014, under which construction of four major RLNG plants, port facilities and a pipeline network for supplying gas to consumers was carried out. A decade down the line, this has proved