Qatargas Clinches 15-Year Contract to Supply LNG to Pakistan
- Qatargas to ship 3.75 million tons of liquefied fuel per year
- Pakistan plans to import 20 million tons of LNG annually
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Qatar Liquefied Gas Co., the world’s biggest producer of liquefied natural gas, signed a 15-year contract to supply Pakistan State Oil Co. with 3.75 million metric tons of fuel annually, the Qatari company said.
The supplier, known as Qatargas, plans to deliver the first cargo in March, the company said in an e-mailed statement. Qatargas didn’t disclose the contract’s value. Pakistani Prime Minister Nawaz Sharif, speaking Thursday in Doha, said the deal is worth $15 billion and can meet one-fourth of Pakistan’s gas shortfall, according to a broadcast on state-owned Pakistan Television.