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Qatar Looks To Dominate This Very-Fast Growing Gas Market By Viktor Katona - Apr 06, 2021, 3:00 PM CDT
Qatar Petroleum found itself in the limelight of the LNG scene in 2021, having clinched two major deals with Pakistan and China. All the while media buzz around the supply deal with Sinopec has created ripples in the news, the contract with the Pakistan State Oil Company (PSOC) was absorbed by the media community as if that were the natural state of things. The Qatar Petroleum-PSOC deal is in many ways logical – the two sides already had a 15-year supply deal, as a consequence of which Qatar has catapulted itself into the position of leading LNG supplier to Pakistan throughout the past 5 years. Rendering Pakistan’s LNG imports cheaper, at the same time guaranteeing Qatar’s prime role on the Pakistani market, the QP-PSOC deal fully reflects both sides’ preferences.
06Apr2021 Market Close: Hedge Funds Capitalized On Oil Price Pullback, WTI Settles At 59 38, DOW Closes Down 97 Points, Nasdaq Flat -0 05%, Bitcoin Steady At 58200
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Pakistan demand attracts suitors
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