Pakistan will purchase Qatari LNG for $16 billion

Moscow. November 10. Pakistan has ratified an agreement worth $16 billion on procurement in Qatar liquefied natural gas for 15 years, told the TV channel Al Jazeera with reference to the Minister of petroleum and mineral resources Khakan Abbasi.

According to him, every year Pakistan will import 1.5 million tons of LNG, and first deliveries are expected to begin in December 2015. The Minister has not announced any other commercial details of the agreement.

It was reported that a year ago in October 2014, Russian energy Minister Alexander Novak and Abbasi signed an intergovernmental agreement on construction of gas pipeline “North-South” from Karachi to Lahore. The pipeline project will be implemented by the Russian company “RT Global resources”, a member of the state Corporation rostec.

The pipeline length of 1100 km with a capacity of up to 12.4 billion cubic meters per year will connect terminals for liquefied natural gas (LNG) in the port city of Karachi in southern Pakistan city of Lahore in the North of the country. The project is being implemented under the scheme BOOT (Build-Own-Operate-Transfer, build-own-manage-transfer). The constructed pipeline will be owned by the company who built it and operated it for 25 years.

Now, the country is the construction of terminals for the regasification of LNG in Karachi. In the North of Pakistan will built the plant for which the gas pipeline from Karachi to Lahore will be supplied gas.

The selection of contractors for the project, rostec intends to start in 2016.

Pakistan is experiencing a shortage of gas for electricity generation, resulting in frequent blackouts in various regions of the country. Natural gas produces almost half of all electricity.