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Oil traders lobby blamed for delay in LNG imports

Oil traders lobby blamed for delay in LNG imports

 

ISLAMABAD: A lobby of oil importers have been claimed to be involved in hindering the import of liquefied natural gas (LNG) from Qatar in a government-to-government arrangement, said Shahid Khaqan Abbasi Minister of Petroleum and Natural Resources.

“The oil lobby doesn’t want to see LNG imports replace furnace oil in the production of electricity,” this is what Abbasi said in remarks following the long delay in a smooth flow of LNG from Qatar.

Officials aware of the developments argue that operators of these plants looked content with the end of their gas supply deals with SNGPL as they were receiving capacity payments while operating the power units at sub-optimal levels.