Energy demand: Shell hesitant to jump into LNG fray

Despite being the largest producer of liquefied natural gas in the world, Shell does not plan on entering the LNG business in Pakistan until the government clarifies several regulatory issues, including pricing and volume guarantees.

Sarim Sheikh, the managing director of Shell Pakistan, a subsidiary of the global energy giant Royal Dutch Shell, said that while the company recognised the business case for LNG imports into Pakistan, the company would need firm commitments from the government on matters such as pricing formulas and guarantees of minimal volume purchases in order to make any investment in LNG imports viable.

From: Tribune