Pakistan to Buy Russian LNG
The possibility of Russian LNG supplies to Pakistan and Gazprom’s participation in hydrocarbon exploration and production projects in the Republic were issues that were discussed between Alexey Miller, Chairman of the Company's Management Committee and Shahid Khaqan Abbasi, Minister of Petroleum and Natural Resources of the Islamic Republic of Pakistan.
The Meeting which took place at the Gazprom headquarters yesterday and hosted by Gazprom also considered other promising areas of cooperation.
Being the sixth-largest in Asia-Pacific (after Australia, China, Indonesia, India and Malaysia), Pakistan’s recoverable natural gas reserves amount to 570 billion cubic meters.
In 2014 Pakistan produced 42 billion cubic meters of natural gas. The total volume of gas produced in the country is consumed domestically. The first LNG terminal in Pakistan with an annual capacity of 3 million tons was put into operation in March 2015.
