As opposition accuses the government of signing dubious agreements for import of Liquefied Natural Gas (LNG) from Qatar, Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi revealed on Friday that five more such agreements are in the pipeline.
Winding up debate in the Senate on levy of Rs101 billion additional tax on gas consumers to meet the cost of pipeline for transportation of LNG from Qatar, the minister said that he was ready to face a reference for entering into an agreement for import of LNG.
“I will not hire a lawyer, but will argue the case myself,” he remarked.
He termed the LNG agreement a game-changer and said it would help save a billion dollars annually. He said that gas crisis must be addressed to overcome energy crisis.
He claimed that the previous PPP government had tried to purchase LNG at higher rates, but fortunately the deal could not be finalised.
He said that it was a fact that petroleum prices fell from $120 per barrel to $30 in the international market, but the ratio of government’s earnings per litre remained the same.