Qatargas to supply LNG to Pakistan

Qatar Liquefied Gas Company Limited (Qatargas 2) signed a long-term agreement to supply Pakistan State Oil Company Limited (PSO) with Liquefied Natural Gas (LNG).

Under the terms of the agreement, Qatargas 2 will supply 3.75 million tonnes per annum (MTPA) of LNG to PSO for a period of 15 years with the first cargo expected to be delivered in March 2016.

Mr. Saad Sherida Al-Kaabi, Chairman of Qatargas Board of Directors described the agreement as “a very important milestone in Qatar’s standing as a reliable energy supplier as it marks the first direct long term agreement between the two companies.”

Mr. Al-Kaabi said: “The State of Qatar Under the leadership and guidance of His Highness Sheikh Tamim Bin Hamad Al-Thani the Emir of the State of Qatar is constantly looking to expand and enhance its LNG market share while at the same time helping countries around the world meet their growing energy needs. I’m very proud to welcome Pakistan to our customer portfolio, and would like to thank His Excellency Mr. Shahid Khaqan Abbasi, Pakistan’s Minister of Petroleum and Natural Resources, who along with the leadership in Pakistan, have been instrumental in achieving this important milestone.”

On his part, Sheikh Khalid Bin Khalifa Al-Thani, Chief Executive Officer of Qatargas Operating Company Limited, said:

“Emanating from our vision to establish new markets with a new portfolio of customers, the signing of this agreement represents a momentous occasion for Qatargas as we continue to play a key role as a world leader in the supply of clean, reliable energy to global markets. After delivering the commissioning cargo in April last year, we are delighted that our discussions with PSO regarding a long term agreement have come to fruition. Taking this opportunity, we thank the team at PSO for their hard work and we look forward to a strong and enduring partnership with PSO and Pakistan.”

In April 2015, Qatargas delivered the first commissioning cargo to PSO onboard the LNG vessel, Excelerate Exquisite, the Floating Storage and Regasification Unit (FSRU), moored at Port Qassim as part of the Elengy LNG terminal, Pakistan’s first LNG import terminal.

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