Qatargas and Pakistan’s GEIL sign 20-year LNG sales agreement
Qatargas and Pakistan-based Global Energy Infrastructure Limited (GEIL) signed a 20-year Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA) in a special ceremony hosted by Pakistan's Prime Minister Nawaz Sharif in Islamabad, the company said in its press release.
Under the terms of the agreement, Qatargas will supply 1.3 million tonnes per annum of LNG to Pakistan for 20 years, with provisions allowing the volume to increase to 2.3 million tonnes per annum. The LNG will be supplied from Qatargas 2, the world’s first fully integrated LNG value chain venture, with the first cargo expected to be delivered to Pakistan in 2018 by Qatargas-chartered Q-Flex vessels.
