QP joins consortium to develop Pakistan LNG import project. Qatar Petroleum (QP) has joined a leading consortium to advance an LNG (liquefied natural gas) import project in Pakistan as part of efforts to enhance its global footprint and support the Asian country’s growing energy demand. The consortium – comprising Total, Mitsubishi, ExxonMobil, and Hoegh, in collaboration with Global Energy Infrastructure Limited – would seek to develop a project that includes a floating storage and regasification unit (FSRU), a jetty and a pipeline to shore to provide a timely and reliable natural gas supply to Pakistan.
The FSRU will have a minimum regasification capacity of 750mn cubic feet per day by 2018. “This consortium will bring together partners with a proven track record of industry-leading performance and a history of delivering projects on time and on budget, while focusing on environmental stewardship,” QP president and chief executive Saad Sherida al-Kaabi said.
Forming this consortium with Total, Mitsubishi, ExxonMobil and Hoegh represents a significant milestone that complements Pakistan’s successful effort to meet the growing demand for clean-burning natural gas in this important market, he said, adding QP is proud to partner with these distinguished companies to help meet Pakistan’s energy needs. The companies forming the consortium are global leaders in producing, shipping and marketing LNG with a strong track record of delivering on project execution in a very competitive global LNG market.
Natural gas is a cost-competitive fuel and can deliver significant environmental benefits. This project has the potential to deliver substantial, reliable natural gas supplies to the public and private sectors in Pakistan. The FSRU has been committed, and the consortium is promptly advancing through the necessary technical and commercial milestones.