By Our Diplomatic
Correspondent
ISLAMABAD: Pakistan on Friday inked a new agreement with Qatar for the import of Liquified Natural Gas (LNG).
The ceremony held in Islamabad was also attended by Prime Minister Imran Khan. Energy Minister Umar Ayub and his Qatari counterpart signed the agreement on behalf of their respective countries.
According to the agreement, Qatar will provide three million tones of LNG to Pakistan in the next ten years. The new agreement for Liquefied Natural Gas (LNG) with Qatar will save $300 million annually of Pakistan’s exchequer. Speaking at the ceremony, SAPM on Petroleum, Nadeem Babar said that the new era of mutual relations has kicked off between Pakistan and Qatar with the new agreement. He said that the agreement will help in opening new ways for industrial cooperation.
Earlier this year, Pakistan allowed its private sector to import Liquefied Natural Gas (LNG) as the oil and gas regulatory body issued import licenses to at least two companies.
