New Pakistani Government Seeks to Renegotiate LNG Terminal Deals

Posted by Michelle Howard
Thursday, October 18, 2018

Pakistan's new government will seek to renegotiate agreements for two liquefied natural gas (LNG) import terminals, the country's petroleum minister said on Thursday.

Petroleum Minister Ghulam Sarwar Khan said the previous government agreed to pay too much on the terminal deals with Pakistani conglomorate Engro Corp for the terminals in Karachi, only one of which has been built.

"The decision is that this will be renegotiated with the parties," Khan said.

Writing by Kay Johnson

Categories: Government LNG

Related Stories

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Borr Drilling's Mexican JV Expands Fleet with Five Jack-Ups

Oil Eases After Topping $100, Still Set for Weekly Rise

Inpex Starts Construction of Indonesia's Abadi LNG Project

ADNOC, XRG and Mitsui Broaden Energy Cooperation

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

ADNOC Launches Global LNG Trading Powerhouse

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Current News

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com