Pakistan's landmark, new deal with Qatar for liquefied natural gas at lower rates will save Islamabad a total of about USD 3 billion over the next 10 years, an adviser to the country's prime minister said on Monday. The agreement, signed last Friday, will save the state USD 317 million annually due to the reduced price of the gas compared to the 2015 agreement between the two countries, according to Nadeem Babar, Prime Minister Imran Khan's adviser on petroleum. This "will result in the lowering of the overall cost of liquefied natural gas" imported from Qatar, Babar said. Under the agreement, which comes into effect in January 2022, Pakistan will import liquefied natural gas or LNG from Qatar at a reduced price of about 31 per cent, compared to the previous agreement signed in 2015 for 15 years. At the time, Islamabad's agreeing to pay a higher price had drawn criticism from experts. Many Pakistanis have been rallying, angry over long power cuts in the summer and shortages of ..
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Qatar has suspended a trade dispute with the United Arab Emirates at the WTO, a document showed
This comes after Qatar and Saudi Arabia reopened their land border on Saturday, as they restore ties following a landmark deal to end a three and a half year rift
The United Arab Emirates announced on Friday that it would reopen its borders and airspace to Qatar after boycotting the tiny energy-rich country alongside its Gulf allies since 2017
Arab states boycotting Qatar could resume travel and trade links with Doha within a week under a US-backed deal, but restoring diplomatic ties requires more time as parties work to rebuild trust
The decision to open land, air and sea borders came just ahead of a summit of regional leaders in Saudi Arabia on Tuesday
The negotiating team of the Afghan government left for Qatar on Tuesday where they will resume the second round of the peace talks with the Taliban
Saudi Arabia will open its air and land borders with Qatar in the first steps toward ending a diplomatic crisis that has deeply divided regional US allies since 2017
External Affairs Minister S Jaishankar concluded his two-day stand-alone visit to Qatar from 27 to 28 December, said the Ministry of External Affairs on Monday
The Ministry of External Affairs (MEA) made an announcement about Jaishankar's visit to the Gulf nation
The 2034 event went to Riyadh after a deal was struck between the rival nations
India and its biggest LNG supplier Qatar on Friday agreed to set up a task force to identify projects in India for investment by the gas-rich Gulf nation, Oil Minister Dharmendra Pradhan said. India imports 8.5 million tonnes per annum of gas in its liquid form (LNG) from Qatar under a long-term contract. It also buys LPG to meet the fast-expanding cooking gas requirements in the country. "Had a telecall with HE Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs and President & CEO Qatar Petroleum on promoting Qatari investments in the entire energy value chain in India," Pradhan tweeted. The call, he said, was a follow-up to Prime Minister Narendra Modi's discussion with the Emir of Qatar, Sheikh Tamin bin Hamad Al-Thani on December 8. "Minister Al-Kaabi and I have agreed to set up a Task Force on Energy, represented by VP of Qatar Petroleum and a senior officer from @PetroleumMin to identify specific projects in India's energy sector for Qatari investments," he .
In a telephonic conversation, Modi conveyed his felicitations to the Qatar Amir for the forthcoming National Day of Qatar, the Prime Minister's Office said in a statement
The scheme, announced in September, is the latest in a series of measures designed to diversify Qatar's economy away from fossil fuel dependency and attract foreign capital ahead of the 2022 World Cup
The rift in relations started in June 2017, when Saudi Arabia, the UAE, Bahrain and Egypt abruptly severed diplomatic, trade and transport ties with Qatar
Maintaining Israel's qualitative military edge in the region takes precedence over other considerations, Intelligence Minister Cohen said in an Army Radio interview
The minister also gave a break up of the workers who returned from various countries with the maximum of them returning from Gulf Cooperation Council (GCC) nations
Participants in the peace talks between the Afghan government and the Taliban that are currently underway in Qatar have made some progress during the Sunday contact group session
A top American diplomat hoped that the warring factions can come to an agreement on a political roadmap to end the protracted war that Afghanistan has had