Suez keeps US$25bn gas contract
GDF Suez keeps US$25bn gas contract By Syed Fazl-e-Haider KARACHI, Pakistan – Paris-based GDF Suez, which earlier this year faced the loss of a US$25 billion contract to supply Pakistan with liquefied natural gas (LNG), is to be awarded the contract after all. The contract to import 3.5 million tonnes of LNG annually for 20 years was held in abeyance in April when the Pakistan Supreme Court reacted to media allegations that the lowest bidder had been ignored and ordered that the entire bidding process be reviewed. The LNG contract, part of a supply and regasification project known as Mashal, … Continue reading Suez keeps US$25bn gas contract
