The Italian energy company Eni won a 15-year contract to supply one cargo of liquefied natural gas per month to the state-owned Pakistan LNG.
Under the contract, Eni will deliver a total of 180 cargoes over the period of the next 15 years, amounting to 11 million tons of LNG.
The quantities of liquefied natural gas Eni will deliver to Pakistan correspond to 25 percent of the country’s imports in 2016. Pakistan is one of the fastest growing LNG markets, Eni notes, adding that this contract will contribute to covering the country’s energy demand.
Pakistan LNG issued two tenders at the end of October last year, seeking a total of 240 cargoes. With Eni winning the tender to supply 180 cargoes over the period of 15 years, Pakistan LNG is left to name the winner of the second tender seeking 60 cargoes to be delivered over a period of five years.
Eni said a significant part of the LNG volumes will be sourced from Indonesia and delivered to the new FSRU moored in Port Qasim.
The 170,000-cbm FSRU has been chartered under a 15-year agreement Singapore-based BW signed in August last year with Pakistan GasPort Limited (PGPL) that will operate the terminal.
According to the tender documents, the deliveries are scheduled to begin in July this year.
LNG World News Staff