The Supreme Court on Monday suggested the government to reconsider a multi-billion dollar contract for LNG import.

A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry asked the Secretary Petroleum to consult Prime Minister Yousuf Raza Gilani and inform the court if the Economic Coordination Committee could reconsider the LNG import contract.

However, the Chief Justice made it clear that this was not a court order but just a suggestion for the government.

The Supreme Court took suo motto notice of the case after a newspaper claimed that the Ministry of Petroleum ignored the lowest bidder in awarding a contract of 3.5 million tons of LNG import.

However, S. M. Zafar, who appeared on behalf of the Ministry of Petroleum, rejected the claim, and said that the reporter was misled by some vested interests.

He also rejected the allegations that the National Exchequer would loose US$ 1 billion due to awarding a contract to the French Company.

The case has been adjourned until Tuesday.