Energy Demand

Energy demand: bawl out hesitant to stomach into LNG fray KARACHI:  despite being the largest producer of liquefied innate gas in the world, beat up does not plan on entering the LNG transmission line in Pakistan until the g all told everywherenment clarifies several regulatory issues, including pricing and tidy sum guarantees. Sarim Sheikh, the managing theater director of Shell Pakistan, a subsidiary of the global dynamism elephantine Royal Dutch Shell, said that while the association recognised the business case for LNG imports into Pakistan, the company would need true commitments from the authorities on matters such as pricing formulas and guarantees of stripped-down stack purchases in order to make any coronation in LNG imports viable. Pakistan faces a severe gas shortage, estimated at iodin one million million million cubic feet per day (cfd), and is expect to only work finished a further widening of the gap between field of study demand and supply, said Sheikh, citing figures that concur with the petroleum ministrys analysis. As the countrys domestic production continues to decline account payable to exhaustion of existing gas fields that shortage is judge to rise to 2 billion cfd by 2015. While Shell has been one of the earliest players in Pakistans oil traffic business, the company has been reducing its footprint in the country over the past three years.

They currently have around 800 cheat outlets. There were around 1,050 of them three years ago, said Muhammad Ali Taufeeq, a research analyst at BMA Capital, an investment bank. Shell internationalis t is not interested in investing in Pakistan! . restrictive and political uncertainty has made it so that there be better destinations for investment. Sheikh alluded to those regulatory challenges when he spoke close to the companys operations in Pakistan, particularly the stance that the profit margins of oil companies is determined by the government, not securities industry forces. With the current margins, the business environment is not conducive to go along investment because that is an issue, said Sheikh to...If you want to notice a full essay, order it on our website: BestEssayCheap.com

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