Govt. to sign deal with Qatar for LNG import tomorrow

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PV Desk : The government is set to initial a long-term agreement with Qatar tomorrow to import up to 1.8 million tonnes of liquefied natural gas per annum from March/April next year to meet the country’s growing demand, officials said today.

“The energy division is scheduled to hold a meeting with Qatar’s state-run firm-RasGas Company Limited (RasGas)- for price negotiation at Petrocenter here tomorrow evening,” an official of the concerned ministry told BSS today.

He said a RasGas delegation would arrive in the city tomorrow and hold the meeting for the initial to import LNG. The government is expected to import 500 mmcfd LNG per day.

Earlier, State Minister for Power, Energy and Mineral Resources Nasrul Hamid told BSS that the government would soon sign a contract with Qatar for LNG import.

He said that the government would also keep some other sources open for LNG import to mitigate gas crisis. According to the ministry, the government signed a memorandum of understanding (MoU) with Qatar in January 2011 to import approximately 4 million tonnes of LNG per annum.