FINANCIAL NEWS

Pakistan receives its first LNG cargo from Qatargas

05 Apr 2015

(MENAFN) Qatargas sold its first cargo of Liquefied Natural Gas (LNG) to Pakistan State Oil Company Ltd (PSO). The LNG cargo was sold on a free-on-board basis, The Peninsula Qatar reported.

However, The cargo was secured to commission the Excelerate Exquiste, which will become the Floating Storage and Regasification Unit, when it is moored in Port Qassim, Pakistan as part of the Elengy LNG terminal, the first Pakistan LNG import terminal.

Meanwhile, Qatargas is committed to reliably supplying more countries with a clean, safe and highly efficient source of energy. Both companies are in discussions for a longer term sales and purchase agreement.

Its worth mentioning that this is the first LNG agreement between the two countries. The LNG delivery is a significant milestone for the Qatari company, which holds a key position in the region and the world.

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