Prime Minister Syed Yousuf Raza Gilani on Wednesday said his government fully respects the courts and its decisions and urged the French energy company to compete in the open bidding process for import of LNG to Pakistan.
To a question by a representative of the GDF Suez regarding its bid for a multibillion Liquefied Natural Gas project in Pakistan, Gilani said his government fully respects the decision of the courts and urged the company to compete in the open bidding process, he said in response to a question at a forum by French business forum - MEDEF.
The Supreme Court last year scrapped the US 25 billion dollar contract with the GDF Suez and Shell Pakistan Ltd for the annual import of 3.5 million tones of LNG null and void, saying the process was not transparent. The Diplomatic Adviser and Senior Vice President for International Relations Denis Simonneau told the prime minister that his company was stopped to proceed on the contract without any reason, but it was still willing to continue its operations.
The prime minister appreciated the company for investing and expanding its operations into Pakistan and urged it to compete again in the fresh bidding process that was likely to start soon. Minister of Water and Power Syed Naveed Qamar also noted the role of the company in undertaking several power projects in the country and hoped it would continue to inject more investment and help the country meet its energy shortfall. The Paris-based GDF Suez is involved in electricity generation and distribution, exploration and production of natural gas and LNG project-related activities.
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