ENERGY

Qatar Petroleum joins consortium to develop Pakistan LNG project

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers north of the capital Doha, on February 6, 2017. (AFP)

State-owned energy company Qatar Petroleum (QP) has joined an international consortium of major US, European and Japanese energy companies to develop a liquefied natural gas (LNG) import project in Pakistan.

The consortium, which includes US ExxonMobil, France’s Total, Japan’s Mitsubishi, and Norway’s Hoegh , will develop a project that includes a floating storage and regasification Unit, a jetty and a pipeline to shore to provide natural gas supply to Pakistan, QP said in a statement on Tuesday.

“Forming this consortium... represents a significant milestone that complements Pakistan’s successful effort to meet the growing demand for clean-burning natural gas in this important market,” QP Chief Executive Saad Sherida al-Kaabi said in the statement.

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Last Update: Tuesday, 7 February 2017 KSA 19:53 - GMT 16:53
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Qatar Petroleum joins consortium to develop Pakistan LNG project
The consortium will develop a project that includes a floating storage and regasification Unit
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