{"id":9408,"date":"2021-02-26T15:43:28","date_gmt":"2021-02-26T15:43:28","guid":{"rendered":"https:\/\/pakistanintheworld.pk\/live\/?p=9408"},"modified":"2021-02-26T15:43:28","modified_gmt":"2021-02-26T15:43:28","slug":"qatar-petroleum-enters-into-a-long-term-agreement-for-the-supply-of-3-mtpa-of-lng-to-pakistan","status":"publish","type":"post","link":"https:\/\/pakistanintheworld.pk\/live\/qatar-petroleum-enters-into-a-long-term-agreement-for-the-supply-of-3-mtpa-of-lng-to-pakistan\/","title":{"rendered":"Qatar Petroleum enters into a long-term agreement for the supply of 3 MTPA of LNG to Pakistan"},"content":{"rendered":"

\"\"Islamabad\/ Doha; 26 Feb 2021 – 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.<\/h3>\n

Under the 10-year agreement, LNG deliveries to Pakistan\u2019s world-class receiving terminals will commence in 2022 and continue until the end of 2031.<\/h3>\n

The SPA was signed in Islamabad by\u00a0 Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and Mr. Syed Taha, the Managing Director & CEO of PSO in a special ceremony held under the patronage and with attendance of Mr. Imran Khan, the Prime Minister of the Islamic Republic of Pakistan, senior Pakistani government officials and H.E. Sheikh Saoud bin Abdulrahman Al Thani, Qatar\u2019s Ambassador to Pakistan.<\/h3>\n

\u00a0Mr. Saad Sherida Al-Kaabi welcomed the SPA signing and said: \u201cWe are delighted to enter into this new long-term agreement with Pakistan State Oil Company Limited and to continue our contributions towards meeting Pakistan\u2019s increasing energy demand.\u201d<\/h3>\n

Minister Al-Kaabi added: \u201cThis agreement further extends Qatar\u2019s long standing LNG supply relationship with Pakistan and highlights our commitment to meeting Pakistan\u2019s LNG requirements. We are confident that the exceptional reliability of our LNG supplies will provide PSO with the required flexibility and supply security to fuel Pakistan\u2019s impressive growth.\u201d<\/h3>\n

\u00a0Minister Al-Kaabi concluded his remarks by saying: \u201cWith a well-established gas market and distribution system, Pakistan is a strategically important market for Qatar LNG. We are encouraged by Pakistan\u2019s exceptional growth and excellent economic potential as well as by the prospect of it being one of the world\u2019s fastest growing LNG markets. I would like to take this opportunity to thank His Excellency Prime Minister Imran Khan for his support and for his patronage of this special event. I also would like to thank Pakistan\u2019s energy officials as well as PSO\u2019s management for all their efforts and for the professional and transparent negotiations leading to today\u2019s important agreement.\u201d<\/h3>\n

Pakistan currently has two operational LNG receiving terminals, namely the Engro LNG Receiving Terminal and Pakistan GasPort LNG Receiving Terminal, both of which, utilize Floating Storage and Regasification Units moored in Port Qasim. There are a number of additional terminals currently under consideration by various private sector players in the country.<\/h3>\n

This is the second such agreement signed between Qatari and Pakistani entities since 2016, when Qatargas signed a long-term agreement to supply PSO with 3.75 MTPA of LNG. Today\u2019s agreement raises the total of long-term LNG supplies from Qatar to Pakistan to 6.75 MTPA.<\/h3>\n","protected":false},"excerpt":{"rendered":"

Islamabad\/ Doha; 26 Feb 2021 – 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\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":9409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[919,48,382],"_links":{"self":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/9408"}],"collection":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/comments?post=9408"}],"version-history":[{"count":2,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/9408\/revisions"}],"predecessor-version":[{"id":9411,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/9408\/revisions\/9411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/media\/9409"}],"wp:attachment":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/media?parent=9408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/categories?post=9408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/tags?post=9408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}