SLAMABAD: As opposition accuses the govt of language dubious agreements for import of Liquefied fossil fuel (LNG) from Qatar, Minister for oil and Natural Resources Shahid Khaqan Abbasi disclosed on weekday that 5 a lot of such agreements square measure within the pipeline.

Winding up discussion within the Senate on levy of Rs101 billion further tax on gas shoppers to fulfill the value of pipeline for transportation of LNG from Qatar, the minister same that he was able to face a reference for getting in AN agreement for import of LNG.

“I won't rent a professional person, however can argue the case myself,” he remarked.

He termed the LNG agreement a game-changer and same it might facilitate save a billion bucks annually. He same that gas crisis should be self-addressed to beat energy crisis.

He claimed that the previous UPPP government had tried to get LNG at higher rates, however fortuitously the deal couldn't be finalised.

He same that it had been a incontrovertible fact that oil costs fell from $120 per barrel to $30 within the international market, however the magnitude relation of government’s earnings per metric capacity unit remained identical.

He same that costs of hydrocarbon were lowest in Asian nation among oil commerce countries.

He distinguished that hydrocarbon in India was accessible at Rs100 a metric capacity unit whereas in Bangladesh it had been priced at Rs130.

He alleged that the UPPP government eaten an enormous chunk of gas infrastructure development surcharge that existed in papers solely.

Earlier, leader of the opposition in Senate, Aitzaz Ahsan, raised queries over transparency within the deal.

He same a reference could also be ready for language of the dubious deal.

He asked on why no international tenders were known as and why a semipermanent agreement was signed with Qatar.

He was of the read that a cope with Iran or Russia may are created at cheaper rates.

“How will government ink a deal for fifteen years,” he questioned.

He same the govt had sure the long run governments to continue with the import of gas on identical terms, adding that the long run governments may realize it tough.

He additionally questioned the choice to construct the projected pipeline — AN quality of a remote company from the money collected from individuals of Asian nation.

Aitzaz same it had been shocking that the prime minister himself attended the language ceremony.

He same Qatar was in pro-Saudi peninsula camp and should raise Asian nation to chuck gas pipeline with Iran.

Published in Dawn, February thirteenth, 2016
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