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 this week.
“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.
