Qatargas, GEIL confirm LNG supply deal

Qatargas on Saturday held an official signing ceremony for the previously announced LNG supply deal with Pakistan-based Global Energy Infrastructure Limited (GEIL). 

Under the terms of the agreement, Qatargas will supply 1.3 million tonnes per annum of LNG to Pakistan for 20 years, with provisions allowing the volume to increase to 2.3 million tonnes per annum, the statement reads.

The first cargo is expected to be delivered to Pakistan in 2018 by Qatargas-chartered Q-Flex vessels.

At the end of August, Pakistan GasPort Limited (PGPL) signed a 15-year deal with Singapore-based BW to provide LNG regasification services utilising a newbuild floating storage and regasification unit for the second Pakistan LNG terminal.

The FSRU currently under construction at the Samsung Heavy Industries shipyard in South Korea will have a storage capacity in excess of 170,000-cbm and a peak regasification capacity of 750 mmscfd and is scheduled for delivery in the fourth quarter of 2016.

 

LNG World News Staff

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