Qatargas sold its first cargo of liquefied natural gas (LNG) to Pakistan State Oil Company Limited (PSO). The LNG cargo was sold on a free-on-board basis and loaded at Ras Laffan Port on to the LNG vessel Excelerate Exquiste on 21 March 2015.
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 which is the first Pakistan LNG import terminal.
This is the first LNG agreement between Qatar and Pakistan and the first ever LNG import deal for any entity in Pakistan.
The delivery of LNG to PSO is important milestone for Qatargas as it continues to play a key role in the Middle Eastern market and positions itself as a world leader in the supply of energy to global and new markets.
Qatargas is committed to reliably supplying more countries with a clean, safe and highly efficient source of energy. Both parties, Qatargas and PSO are in continuous discussions for a longer term Sales and Purchase Agreement to supply LNG to Pakistan. Pakistan is a nation with strong growth potential and is heavily reliant on gas as part of its energy mix.
One of the key strengths of Qatargas has been the development of considerable expertise in supporting the commissioning of new LNG Receiving Terminals globally. To date the Company has helped commission 14 LNG terminals across the Americas, Europe and Asia.