Qatargas and Pakistan ink deal for LNG supply deal
QATARGAS has signed a sale and purchase agreement with Pakistan's Global Energy Infrastructure (GEIL) to supply liquefied natural gas over a period of 20 years.
According to MANA, Under the agreement, Qatargas will transport 1.3m tonnes of the fuel to Pakistan per year with options to raise the volume shipped to 2.3m tonnes per annum.“The agreement with GEIL reinforces our confidence in Pakistan as a promising energy market. It also enables us to meet Pakistan’s energy needs from the world’s most reliable LNG producer, thus enhancing our long and historic brotherly relations,” said Qatargas chairman of the board Saad Sherida Al-Kaabi.
“This agreement also demonstrates our confidence in LNG, and natural gas in general, as a clean energy source that is instrumental in reducing greenhouse gas emissions globally”.
This is the second long term agreement signed between Qatargas and Pakistan.
Qatargas in February this year inked a 15-year agreement to supply 3.75m tonnes of LNG per year to Pakistan State Oil Company.