Pakistan, Qatar sign $16bn LNG deal

According to the agreement, Qatar will provide Pakistan with a billion dollars’ worth of LNG annually

ISLAMABAD: Pakistan and Qatar signed on Wednesday an agreement of liquefied natural gas (LNG) in Doha, as part of the Prime Minister Nawaz Sharif two-day official visit to the Arab country.

The agreement was signed by Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi and Chairman of Qatar Gas Board of Directors Saad Sherida Al-Kaabi at a ceremony in Diwan-e-Emiri in Doha.



Earlier, the prime minister met Emir of Qatar Sheikh Tamim bin Hamad.

Both the leaders discussed ways to enhance cooperation in different fields including energy, trade, investment and defence.



According to a statement, the prime minister said Pakistan offered attractive incentives for foreign investment, adding the Qatar Investment Authority should explore the potential in different sectors, particularly power generation projects.

PM Nawaz Sharif meeting Emir of Qatar Sheikh Tamim Bin Hamad Al Thani at Diwan-e-Emiri in Doha, Qatar on February 10, 2016. PHOTO: PID

The emir of Qatar thanked the PM for a visit, saying his country was a second home for Pakistanis.