Qatar Sells First Ever Shipment of LNG to Pakistan

Qatar has sold its first LNG cargo to Pakistan State Oil Company Limited (PSO), Qatargas announced on Saturday.

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, the Floating Storage and Regasification Unit, a part of the Elengy LNG terminal which is the first Pakistan LNG import terminal, Qatargas said.

This is the first LNG agreement between Qatar and Pakistan and the first ever LNG import deal for any entity in Pakistan.

According to Qatargas, both parties, Qatargas and PSO, are in continuous discussions for a longer term Sales and Purchase Agreement to supply LNG to Pakistan.

Pakistan has been facing severe gas shortage due to increasing demand for electricity from households as well as industrial consumers. To fill the gap, the South Asian nation is trying to source gas from various sources.