ahlam1399
07-02-2016, 05:52 AM
1.3m MTPA gas to be supplied for 20 years; company to import LNG and re-gasify it for supply to private sector
ISLAMABAD: Global Energy Infrastructure Limited (GEIL), a private company of Pakistan, has singed a long-term sale purchase agreement (SPA) with the Qatargas Company.
Under the deal inked on June 30 in Doha, Qatargas will supply 1.3 million ton per annum (MTPA) Liquefied Natural Gas (LNG) to Pakistan for 20 years, with provisions allowing the volume to increase to 2.3 million ton per annum. Pakistan is currently importing 400 mmcfd LNG from Qatar under government-to government arrangement.
However, the new LNG deal has been made under private-to-private model almost close to the price of the LNG at which the government is currently importing from Qatar.The government-to-government deal was struck with Qatar at 13.37 percent of the three months’ average price of the Brent.
The LNG will be supplied from Qatargas 2, the world’s first fully integrated LNG value chain venture, with the first cargo expected to beach Pakistan in 2018 by Qatargas chartered Q-Flex vessels, Furrukh Qayyum, CEO of Global Energy Infrastructure Limited, told The News.
The Qatargas will provide the LNG up to 350 mmcfd gas per day starting from 200 mmcfd.The company will import LNG and re-gasify it for supply to the private sector. Under the deal, the Government of Pakistan will **t provide any take-off guarantee to GEIL.
“We have been given the capacity allocation of 350 mmcfd by the Sui Southern and Sui **rthern for transportation gas from south to **rth and to this effect the GEIL has also inked the transmission and distribution agreements with both the gas utilities,” Qayyum said.
He said the GEIL will construct the LNG terminal in LNG zone of Port Qasim and to this effect a site had also been selected.The EPC (engineering, procurement, and contract) and design of the terminal is already ready. “We will start construction of the terminal in the last quarter of the current year and will be able to make it operational some time in mid of 2018.”
To a question, he said the site of the terminal had already been approved by Lloyd of London and the site of terminal in LNG zone had been endorsed and approved by Foster Wheeler.
http://feeds.feedburner.com/~r/com/YEor/~4/YnNbG277FcU
أكثر... (http://feedproxy.google.com/~r/com/YEor/~3/YnNbG277FcU/132301-Private-company-signs-LNG-deal-with-Qatargas)
ISLAMABAD: Global Energy Infrastructure Limited (GEIL), a private company of Pakistan, has singed a long-term sale purchase agreement (SPA) with the Qatargas Company.
Under the deal inked on June 30 in Doha, Qatargas will supply 1.3 million ton per annum (MTPA) Liquefied Natural Gas (LNG) to Pakistan for 20 years, with provisions allowing the volume to increase to 2.3 million ton per annum. Pakistan is currently importing 400 mmcfd LNG from Qatar under government-to government arrangement.
However, the new LNG deal has been made under private-to-private model almost close to the price of the LNG at which the government is currently importing from Qatar.The government-to-government deal was struck with Qatar at 13.37 percent of the three months’ average price of the Brent.
The LNG will be supplied from Qatargas 2, the world’s first fully integrated LNG value chain venture, with the first cargo expected to beach Pakistan in 2018 by Qatargas chartered Q-Flex vessels, Furrukh Qayyum, CEO of Global Energy Infrastructure Limited, told The News.
The Qatargas will provide the LNG up to 350 mmcfd gas per day starting from 200 mmcfd.The company will import LNG and re-gasify it for supply to the private sector. Under the deal, the Government of Pakistan will **t provide any take-off guarantee to GEIL.
“We have been given the capacity allocation of 350 mmcfd by the Sui Southern and Sui **rthern for transportation gas from south to **rth and to this effect the GEIL has also inked the transmission and distribution agreements with both the gas utilities,” Qayyum said.
He said the GEIL will construct the LNG terminal in LNG zone of Port Qasim and to this effect a site had also been selected.The EPC (engineering, procurement, and contract) and design of the terminal is already ready. “We will start construction of the terminal in the last quarter of the current year and will be able to make it operational some time in mid of 2018.”
To a question, he said the site of the terminal had already been approved by Lloyd of London and the site of terminal in LNG zone had been endorsed and approved by Foster Wheeler.
http://feeds.feedburner.com/~r/com/YEor/~4/YnNbG277FcU
أكثر... (http://feedproxy.google.com/~r/com/YEor/~3/YnNbG277FcU/132301-Private-company-signs-LNG-deal-with-Qatargas)