Qatar Petroleum (QP) has entered into a new long-term Sale and Purchase Agreement (SPA) with Pakistan State Oil Company Limited (PSO) for the supply of up to 3 million tons per annum (MTPA) of liquefied natural gas (LNG) to the Islamic Republic of Pakistan.
Under the 10-year deal, LNG deliveries to Pakistan’s world-class receiving terminals will begin in 2022 and continue until the end of 2031.
This is the second such agreement the two sides have signed since 2016 when Qatargas signed a long-term agreement to supply PSO with 3.75 MTPA of LNG.
The new agreement raises the total of long-term LNG supplies from Qatar to Pakistan to 6.75 MTPA.
QP signs major LNG deal with Pakistan
Qatar Petroleum (QP) has signed a deal to supply up to 3 million tonnes per year of LNG to Pakistan.
Updated: 01/03/2021, 7:22 am
Qatar Petroleum and PSO sign a long-term LNG deal
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Qatar Petroleum (QP) has signed a deal to supply up to 3 million tonnes per year of LNG to Pakistan.
The deal will run for 10 years, QP said, starting in 2022 and running to the end of 2031. The company signed the agreement with Pakistan State Oil Company (PSO).
26 Feb 2021 - 16:05
QNA
Doha: Qatar Petroleum entered into a new long-term Sale and Purchase Agreement (SPA) with Pakistan State Oil Company Limited (PSO)for the supply of up to 3 million tons per annum (MTPA) of liquefied natural gas (LNG) to the Islamic Republic of Pakistan.
Under the 10-year agreement, LNG deliveries to Pakistan s world-class receiving terminals will commence in 2022 and continue until the end of 2031.
The SPA was signed in Islamabad by HE Saad bin Sherida Al Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and Syed Taha, the Managing Director & CEO of PSO in a special ceremony held under the patronage and with attendance of HE Imran Khan, the Prime Minister of the Islamic Republic of Pakistan, senior Pakistani government officials and HE Sheikh Saoud bin Abdulrahman Al-Thani, Qatar s Ambassador to Pakistan.