Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



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)


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
EWAnalysis
- 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.
Industry Perspectives
-Eugene Gerden
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

Register Now

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

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.