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Diesel 46.17

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14

Pakistan: LNG Market Price Shouldn't Be Linked With Iran gas prices

Pakistan dislikes linking the Iran gas price with the spot LNG price

Pakistan dislikes linking the Iran gas price with the spot market price for liquefied natural gas, Pakistan Prime Minister 's Advisor Mukhtar Ahmed said.

"LNG spot price is not the realistic yardstick for determining the price of gas for a project that is going to extend to 25-30 years and would involve huge investments by the buyer countries," IANS quoted Mukhtar Ahmed as saying.

"There has to be a degree of comfort for the investors," he said on the sidelines of the Fourth Asia Gas Partnership Summit organized by state-owned GAIL (India) Ltd.

Ahmed shared the views of Indian experts that price is clearly a determining factor that "would validate the project and should clearly take the priority."