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Qatar has joined the race to tap the growing energy market of Pakistan as it expresses interest in the $1.5 billion pipeline project for the supply of imported liquefied natural gas (LNG) to provide consumers in Punjab.
Qatar has already taken the lead in LNG supplies and signed a multibillion-dollar contract for gas export to Pakistan.
It also has the potential to win the Karachi-Lahore gas pipeline contract. The Prime Minister’s Office has offered the signing of a state-to-state deal without bidding.
Major oil and gas companies of the US and European Union have a big presence in Qatar and they have even partnered with the Middle Eastern country in LNG supply to Pakistan.
ConocoPhillips. headquartered in Houston (Texas) with operations in about 30 countries around the world. has a 30 per cent stake in the oil and gas reserves being explored in the North Field near the Iranian border from where LNG is being supplied to Pakistan.
“Qatar is likely to enhance the volume of gas exports to Pakistan if it succeeds in getting the pipeline contract.” said a senior government official.
“The proposal of laying the gas pipeline was taken up during the visit of Qatari Emir Sheikh Tamim bin Hamad bin Khalifa Al-Thani in January this year.”
In a meeting with Prime Minister Nawaz Sharif. Al-Thani expressed Qatar’s interest in building the Karachi-Lahore pipeline for LNG transportation.
