Qatar and Pakistan to sign LNG deal

Date

11/15/2015 1:19:26 PM

(MENAFN- The Peninsula)

Doha: Qatar and Pakistan are working to finalize financial arrangements of a long-term agreement for the supply of liquefied natural gas (LNG) to the south Asian country.

This came in remarks made by the Pakistan Petroleum Minister and Natural Resources Shahid Khaqan Abbasi who recently took part in the 6th Asian Ministerial Energy Roundtable (AMER 6) held in Doha.

Speaking to Qatari daily Al Raya Newspaper he said that the deal will allow Pakistan to import initially about 1.5 million tons of LNG per year via a terminal at Port Qasim and it is expected to increase to 3 million tons in a 15-year LNG supply deal worth $16 billion.

Abbasi expressed his hope that the15-year LNG supply deal with Qatargas company will be initialed for the supply of LNG from Qatar before the end of the current month .

The Pakistani minister added that the capacity of the gas terminal is 3 million tons and will be expanded to accommodate 5 million tons pointing out that the Qatari gas will be initially at half capacity and then will cover capacity of the plant at 3 million tons per year.

A high-level delegation of Qatargas recently paid several visits to Islamabad where it held talks with Pakistani authorities on technical aspects of a 15-year LNG supply deal.

Qatargas company officials also held talks with key stakeholders of three companies such as Pakistan State Oil Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas.6th Asian Ministerial Energy Roundtable (AMER 6)

QNA

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