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.
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,” Saad Sherida Al-Kaabi, Chairman of Qatargas Board of Directors, said.
In April 2015, the company sold its first cargo of LNG to Pakistan State Oil Company (PSO), representing the first LNG agreement between Qatar and Pakistan and the first ever LNG import deal for any entity in Pakistan.
“I am particularly pleased to strengthen our relationship with Pakistan, which continues to grow as an important market in the LNG industry,” Khalid Bin Khalifa Al-Thani, Chief Executive Officer of Qatargas, said.