Japan LNG imports to drop to 62mtpa by 2030 – METI

Petroleum Minister Shahid Khaqan Abbasi on Thursday said the imported liquefied natural gas (LNG) would not only help meet the country’s energy needs but would also save $1 billion annually, which could be used in the power, fertiliser and CNG sectors.

He said the cargo ships terminal charges per day would be 150,000 dollars and the 11th gas cargo ship would soon reach the terminal. Whenever any such accord is inked, purchase of LNG at the lowest rates would be ensured.

He categorically declared that they followed rules and any institution including the National Accountability Bureau could receive the record for investigation.

Addressing a press conference, Shahid Khaqan Abbasi said the previous governments kept trying for 10 years to get LNG but the incumbent government succeeded in bringing the much-needed fuel in just twenty months.

Renewable energy is also gaining wider acceptance and starting to prove a long-term challenge to LNG consumption, Birol said, pointing to the solar power industry in India as an example.

The availability of cheap coal has contributed to a move away from LNG for utilities in Japan, South Korea and elsewhere despite downward price pressure for most of the past year.

HE al-Sada touched on the bilateral relations between Qatar and Japan in the field of energy supply and LNG in particular, stressing that despite the volatility in global energy markets, the State of Qatar will remain a stable and reliable supplier of energy to Japan that can be relied upon in all circumstances.

He said the negotiated LNG price was less than that of the gas to be imported through pipelines from Iran and Turkemistan.

Discussing the Nandipur power project, the minister said the matter had been handed over to the Auditor General of Pakistan who would conduct an audit and reveal facts to the people.

Abbasi announced that investigations into the petrol crisis had been completed and reports would be submitted to the prime minister for a decision.