Qatargas, PSO sign multi-billion dollar LNG deal

Qatargas, the world’s largest LNG producer has signed a long-term deal to supply Pakistan State Oil Company (PSO) with liquefied natural gas.

Under the deal, Qatargas 2 will supply 3.75 million tonnes per annum of LNG to PSO for a period of 15 years with the first cargo expected to be delivered in March this year, Qatargas said in a statement on Wednesday.

Qatargas 2 is a joint venture between Qatar Petroleum, ExxonMobil and Total.

It was reported in November 2015 that PSO is planning to sign a deal to import 1.5 million tonnes of LNG per year from the world’s largest LNG producer. The deal was reported to be worth about $16 billion.

Pakistan began importing LNG in March last year in order to replace conventional fuels to fire its power stations.

The country is importing chilled gas through Excelerate Energy’s 150,900 cbm FSRU Exquisite, which is chartered by Engro Elengy, located at the Port Qasim in Karachi. Qatargas also delivered the first commissioning cargo to PSO onboard the Exquisite.

The Port Qasim facility received 17 cargoes or one million tons of LNG by the end of December.


LNG World News Staff


Share this article

Follow LNG World News


<< Aug 2019 >>
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >