ISLAMABAD: Pakistan today (Friday) inked a new agreement with Qatar for the import of Liquefied Natural Gas (LNG).
According to the agreement, Qatar will provide three million tones of LNG to Pakistan in the next ten years. The new agreement for Liquefied Natural Gas (LNG) with Qatar will save $300 million annually of Pakistan’s exchequer.
Prime Minister Imran Khan witnessed the signing of an agreement that took place at the Prime Minister House in Islamabad. Federal Minister for Energy Omar Ayub Khan and Qatar’s Energy Minister Saad Sherida al-Kaabi inked the agreement.
On the occasion, Qatar’s Minister al-Kaabi termed the agreement ‘historic’, expressing confidence that it would open up new vistas of development. “Qatar will also promote bilateral cooperation in other areas of mutual interest,” he added.
Meanwhile, Special Assistant to PM on Petroleum Nadeem Babar said the agreement would prove helpful in fulfilling Pakistan’s energy needs. “The agreement will also help in opening new ways for industrial cooperation,” he added.
Earlier this year, Pakistan allowed its private sector to import Liquefied Natural Gas (LNG) as the Oil and Gas Regulatory Authority (OGRA) issued import licenses to at least two companies.
