ISLAMABAD: Global Energy Infrastructure Limited (GEIL), a company of the Global Energy Group, has secured a 20-year liquefied natural gas (LNG) sale and purchase agreement with Qatargas, owned by the state of Qatar, for the supply of gas to Pakistan’s market.
This is purely an agreement between the two companies for the long term with no role of the government. Under a separate government-to-government arrangement, Qatargas is currently supplying 400 million cubic feet of LNG per day (mmcfd) to Pakistan.
Qatargas 2, a joint venture between Qatar Petroleum, ExxonMobil and Total that started production in 2009, is committed to providing clean, safe and highly-efficient energy source. Under the agreement announced on Friday by Qatargas, the world’s premier LNG company, it will supply 1.3 million tons of LNG per annum to Pakistan for 20 years, with provisions that allow the volume to be increased to 2.3 million tons.
The gas will be supplied through Qatargas 2, the world’s first fully integrated LNG value chain, with the first cargo expected to arrive in 2018 on a Q-Flex vessel.
