ISLAMABAD: Pakistan and Qatar signed a long-term agreement on the supply of liquefied natural gas (LNG) in Doha on Wednesday as part of the Prime Minister`s two-day visit to the Middle East country. „After the delivery of the commissioning shipment in April of last year, we are pleased that our discussions with PSO for a long-term agreement are complete,“ he added. „On this occasion, we thank the PSO team for their hard work and look forward to a strong and lasting partnership with the PSO and Pakistan.“ Under the agreement, Qatargas 2 will provide PSO with 3.75 million MMtpy LNG for a 15-year period, with the first delivery scheduled for March 2016. Pakistan has already signed a five-year contract with commodity trader Gunvor and a 15-year contract with Italy`s Eni, but it is aiming for long-term agreements of around 400 mmcfd. In recent years, Pakistan has negotiated with eight countries with which it has signed intergovernmental agreements, including Qatar, Russia, Turkey, Italy, Oman, Azerbaijan, Malaysia and Indonesia. A Saudi delegation representing the Saudi state Aramco also expressed interest in a gas agreement. ISLAMABAD, April 26 (Reuters) – Qatar has emerged as the precursor to a long-term gas supply deal with Pakistan, a senior Pakistani official said on Friday, with Prime Minister Imran Khan`s office deciding on a deal in the coming weeks. Khan`s cabinet may also choose to launch an open tender for long-term agreements, the senior official said. However, some energy officials believe that direct agreements between governments could offer better rates than tenders. The agreement was signed jointly by Federal Oil and Natural Resources Minister Shahid Khaqan Abbasiand and Qatar Gas Board of Directors President Saad Sherida Al-Kaabi at a ceremony in Diwan-e-Emiri in Doha, where the Kingdom of Pakistan will provide $1 billion in LNG annually. Al-Kaabi called the agreement „a very important milestone in Qatar`s reputation as a reliable energy supplier, as it marks the first direct long-term agreement between the two companies.“ Qatar is already Pakistan`s largest gas supplier after signing a 15-year agreement to export up to 3.75 million tonnes of LNG per year to the South Asian country.
This 2016 agreement provided Pakistan`s first LNG terminal. „The signing of this agreement is an important opportunity for Qatargas, as we continue to play a key role in supplying global markets with clean and reliable energy,“ said Sheikh Khalid Bin Khalifa Al-Thani, CEO of Qatargas. The sales contract (SPA) was signed by Saad Sherida Al-Kaabi, CEO and Chairman of the Qatargas Board of Directors, and Von Sheikh Imran ul Haque, CEO of PSO. Qatar Liquefied Gas Co. (Qatargas) has signed a long-term agreement to supply The Pakistan State Oil Co. (PSO) with LNG, as the authorities announced on Thursday. Qatargas 2, a joint venture between Qatar Petroleum, ExxonMobil and Total, which began production in 2009, says it is committed to ensuring a reliable supply of clean, safe and highly efficient energy. One of Qatargas` key strengths has been the development of considerable know-how to support the commissioning of new LNG receiving terminals worldwide. To date, the company has commissioned 17 LNG terminals in North and South America, Europe and Asia.