LNG producer Qatargas has entered into a long-term Sale and Purchase Agreement (SPA) with Global Energy Infrastructure Limited (GEIL) to supply 1.3 tonnes of LNG per year to Pakistan for 20 years, with a possibility to increase this volume to 2.3 million tonnes.
According to MANA,The LNG will be supplied from Qatargas 2, a joint venture between Qatar Petroleum, ExxonMobil and Total which started production in 2009.
The first cargo is expected to be delivered in 2018 by Qatargas-chartered Q-Flex vessels.
“We are proud to support countries in their desire to enhance their energy security. This new agreement reinforces our confidence in Pakistan as an energy market and in its potential”, Chairman of Qatargas Board of Directors, said.
“I am particularly pleased to strengthen our relationship with Pakistan, which continues to grow as an important market in the LNG industry,” Chief Executive Officer of Qatargas, said.