LNG deal: favourable or not
Besides energy supply, agreement will pave way for trade boost, manpower export
LNG PHOTO: FILE
ISLAMABAD:
Two major industries around the world – arms and energy – have continued to dominate for a long time and have driven diplomatic and strategic relations between different countries.
Energy diplomacy leads to interdependence on each other. Energy trade is not only confined to commercial business but it also provides opportunities for countries to expand their footprint in foreign markets.
Traditionally, the oil lobby has been powerful around the world for decades. However with changing energy dynamics, a liquefied natural gas (LNG) lobby is emerging rapidly as several countries are increasingly using LNG as a tool to capture markets as well as develop diplomatic and strategic relations.