Pakistan Awards Contract to France’s GDF Suez to Supply LNG

[ameer219]

Pakistan Awards Contract to France’s GDF Suez to Supply LNG


By Khaleeq Ahmed and Khalid Qayum

Feb. 9 (Bloomberg) -- Pakistan’s government awarded a contract to France’s GDF Suez SA to supply 3.5 million tons of liquefied natural gas a year to help meet the South Asian nation’s growing energy demand.

GDF Suez will start supplying the gas to Pakistan by Oct. 2011 according to the initial six-year contact, G.A Sabri, a spokesman for Pakistan’s petroleum ministry said by telephone from Islamabad today. The company may also supply 1.5 million tons of LNG annually for the following 14 years under the contract, he said.

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My opinion:

Is this to supply pakistan energy needs?If so,why don't we use our large reserves of natural gas we have?