Qatargas will supply 1.3mn tonnes per annum (mta) of liquefied natural gas (LNG) to Pakistan for 20 years, with provisions to raise the volume to 2.3mta.
In this regard, Qatargas has entered into a long-term sale and purchase agreement (SPA) with Global Energy Infrastructure (GEIL).
The LNG will be supplied from Qatargas 2, the world’s first fully integrated LNG value chain venture, with the first cargo slated to be delivered to Pakistan 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,” Qatargas chairman Saad Sherida al-Kaabi said.
Qatar, as the world’s largest exporter of LNG, has been able to achieve its strategic objective to diversify its export base to include major gas markets, and to be a leader in the supply of a clean energy source that will help reduce greenhouse gas emissions and protect the environment, he said.
“Qatargas is delighted to announce a 20-year deal with GEIL for the supply of LNG to Pakistan. I am particularly pleased to strengthen our relationship with Pakistan, which continues to grow as an important market in the LNG industry,” Qatargas chief executive Sheikh Khalid bin Khalifa al-Thani said.
Qatargas 2, a joint venture between Qatar Petroleum, ExxonMobil and Total which started production in 2009, is committed to reliable supplies of clean, safe and highly efficient source of energy.