Houston Chronicle by Erin Douglas Feb. 7, 2020
Pakistan, emerging as U.S. LNG export market, looks to Houston to help jump start economy
Battered by security threats, government corruption and unreliable energy for decades, Pakistan has struggled to unleash its economic potential. But with new leadership attempting to launch the country onto the world stage, Pakistani leaders say they’re looking for a little help from Houston.
Pakistan’s U.S Ambassador, Asad Majeed Khan, said in an interview that the energy capital of the world contains two key ingredients his country is looking for to jump start its economy: reliable energy and Pakistani Americans.
“Of course, it impresses me that we have a substantial community of Pakistani Americans (in Houston),†said Kahn, who visited the city last week for a conference hosted by the American Pakistan Foundation. “But what is important is that they are all contributing to the economy of Houston and are influential and successful.â€
“The convenience of its use, its environmentally friendly use, and also the rates, I think make LNG an attractive option for Pakistan,†Khan said. “There is huge demand.â€
Market for natural gas
LNG prices are particularly low these days due to abundant supplies and slipping demand, in part a result of mild winters in much of the world and the impact of the coronavirus on the Chinese economy. Large supplies of gas in Texas shale deposits and increasing demand for cheap, cleaner burning fuels spurred Houston-area companies to look abroad for customers.
More:
https://www.houstonchronicle.com/business/energy/article/Pakistan-emerging-as-U-S-LNG-export-market-15036757.php
