World's biggest LNG producer said to be in talks with Pakistan
Qatar Liquefied Gas Co., known as QatarGas, said it is exploring supplying liquefied natural gas to Pakistan and has held “several high-level and working-level meetings” on the subject.
The talks came in response to “expressed Pakistani need for long-term” supplies, the company said today in an e-mail.
Qatar has agreed to supply 3.5 million metric tons a year of LNG, Pakistan’s The News reported Feb. 28, citing Asim Hussain, special assistant to the Pakistani prime minister. QatarGas wants a 15-year contract, while Pakistan seeks a 10- year agreement, the newspaper reported.
Qatar is the world’s biggest LNG producer, with a capacity to make 77 million tons a year of the gas chilled to a liquid for transport by ship.
Ras Laffan Liquefied Natural Gas Co., a second producer in the Persian Gulf country, signed a long-term LNG sales agreement with Korea Gas Corp. last month and a separate agreement with Taiwan’s CPC Corp. in December.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.