Pakistan, Qatar sign historic 10-year LNG deal.

ISLAMABAD -- Pakistan and Qatar on Friday entered into another long term contract for the supply of Liquefied Natural Gas (LNG) at 10.2 percent of Brent which is 31 percent cheaper than the existing contract signed by the previous government with Doha in 2015.

'In LNG trade this is lowest publically known long term contract in the world ever,' 'Special Assistant to the Prime Minister on Petroleum Nadeem Babar told reporters during a press conference after a signing ceremony between Qatar and Pakistan. In reply to a query, he said, 'It was a combined effort of both the political and military leadership where all the energies and relationships were utilised to get a better deal.'

Pakistan and Qatar on Friday signed long term contract for the supply of additional 200 million cubic feet LNG which is almost 31 percent cheaper than the long term contract for 500mmcfd signed in 2015 by the previous government with Qatar. The signing ceremony was witnessed by Prime Minister Imran Khan. Under the agreement, Qatar will provide three million tons of LNG to Pakistan for ten years.

Speaking on the occasion, Qatari Energy Minister Saad Sherida al-Kaabi termed the LNG agreement a historic one for both the countries. He expressed the confidence that this will lead to promotion of cooperation between the two countries.

The SAPM said the talks with Qatar started about two years ago when Prime Minister Imran Khan had visited Doha for the first time and then had three more engagements with the Emir of Qatar.

Responding to a query regarding the role of the military leadership in the deal, Babar said that Pakistan's military leadership also had dynamic relations with Qatar which had been facilitating Taliban negotiations.

Both the military leadership and political leadership had the common interest to do things which are in the larger interest of all and it was also one of such joint efforts, he added.

Elaborating the contract, Mr Babar said that the long term agreement to be based on 10-year, beginning January next year, will deliver initially two ships per month (about 200 mcfd) and then go up to four ships per month (400mmcfd) at the rate of 10.2 percent of Brent...