Pakistan’s newly elected government wants to renegotiate the terms of the two existing liquefied natural gas import projects as part of a wider investigation into deals struck during the tenure of the previous administration, writes Amanda Battersby.
Petroleum Minister Ghulam Sarwar Khan said the government of ousted premier Nawaz Sharif agreed to pay too high a price to Engro Elengy for one of the projects, for which the company is reportedly getting a 44% return on equity.
