Pakistan anti-graft agency orders inquiry into ex-PMs over LNG terminal
ISLAMABAD, (Reuters) - Pakistan's anti-corruption agency has approved an inquiry into former prime minister Shahid Khaqan Abbasi and his predecessor Nawaz Sharif over a liquefied natural gas (LNG) terminal project, the agency said.
The National Accountability Bureau (NAB) ordered the inquiry against Abbasi, Sharif and "others for granting a 15-year contract of LNG terminal to a company of their liking in violation of rules and by misuse of their powers, which caused national exchequer a loss of billions of rupees".
NAB did not identify which one of the two terminal projects in Pakistan it was referring to.
Abbasi was the mastermind behind Pakistan's push to embrace LNG after Sharif's Pakistan Muslim League-Nawaz (PML-N) party swept to power in a 2013 election. Pakistan is now seen as one of the world's fastest growing LNG markets. (Reporting by Asif Shahzad Writing by Drazen Jorgic)
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.
GasPro 2.0: A Webcast Symposium
The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.
During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.
October 25, 2018 08:30 AM CDT