ISLAMABAD: A delegation from the world’s largest crude oil producer, Saudi Aramco, is in Pakistan for discussions on what would be its first-ever liquefied natural gas (LNG) shipments, said a top Pakistani official. Saudi Aramco Chief Executive Amin Nasser said in February that Saudi Arabia aimed to export three billion cubic feet per day of gas before 2030 via both pipelines and LNG tankers. Pakistan’s demand for LNG could more than triple in the next three to five years, the chief executive of Pakistan LNG said last month, adding that Islamabad was expected to negotiate a few more long-term contracts to import LNG into the country. Last year, Pakistan imported nearly seven tonnes of LNG, data from Refinitiv Eikon showed. Pakistan LNG is a state-owned company that buys LNG from the international market to supply to the domestic market.

Source: Pakistan Today April 13, 2019 17:03 UTC