A Better Contract.

Pakistan and Qatar signed a 10-year-long LNG supply contract that looks to be much more generous than the previous one. Cheaper supply, a shorter price renegotiation timeframe and the possibility of recovering depleting reserves has been promised to our government. While one may question the timing of this agreement, considering the accelerating global decline in inventories-potentially leading to a high in prices-the competitive advantage it extends to Pakistan is still undeniable.

Our ties with Qatar saw rejuvenation especially after PM Imran Khan's visit to Doha two years ago, along with the military's effort in partnering up with the country to facilitate talks between the US and Afghanistan. Now, we are experiencing the fruits of the tireless labour of our authorities. The new LNG contract will not only help Pakistan save $3 billion in the next ten years but it will also give abundant access to this resource, especially since an additional 200 million cubic feet a day has been guaranteed. Furthermore, the fact that we will be able to renegotiate the price after just four years, compared to the previous ten, protects...