Italian firm wins major contract to supply gas to Pakistan | Current Affairs, Current Affairs 2017

Italian firm wins major contract to supply gas to Pakistan

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Italian oil and gas giant Eni on Tuesday said it has won an international tender to supply over 11 million tonnes of liquified natural gas to Pakistan till 2032 – a quarter of the country’s current LNG imports.

The LNG will be delivered to a new Floating Storage and Regas Unit moored in Pakistan’s second busiest port, Port Qasim,in the southern coastal city of Karachi, Eni said.

A significant part of the LNG will be sourced from Indonesia, where the Jangkrik field operated by Eni (also supplying the Chinese market) will come on stream in the coming months, the company stated.

The deal helps Eni cement its position as the leading domestic gas producer in Pakistan – now one of the fastest growing LNG markets worldwide, the company noted.

LNG is an “integral” part of Eni’s strategy, it said.

Eni recently inked a long-term accord to sell gas produced at its Coral South floating Liquefaction facility in Mozambique to British supermajor BP, the company said.

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