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Pakistan holds talks with Qatar regarding energy sector

Pakistan talks with Qatar

Doha, (Business News Report)|| Pakistan is holding talks with the State of Qatar to enhance joint cooperation in the energy sector, at a time when the world suffers from a lack of energy resources.

The Qatari Minister of State for Energy Affairs, Saad bin Sherida Al-Kaabi, met with the Minister of Defense and Special Envoy of the Prime Minister of Pakistan Khwaja Muhammad Asif, and the Pakistani Minister of State for Petroleum Affairs, Sadiq Masoud Malik.

Al-Kaabi discussed with Asif and Malik mechanisms for expanding cooperation in the energy sector.

Qatar is the largest supplier of gas to Pakistan after the Qatar Energy Company signed a long-term agreement with the Pakistan State Oil Company, in February 2021, to supply Pakistan with about 3 million tons of liquefied gas annually.

Under the 10-year agreement, deliveries of LNG to world-class Pakistani receiving stations will begin during 2022 and will continue until the end of 2031.

This is the second agreement of its kind between the competent authorities in Qatar and Pakistan. The first was in 2016 to supply liquefied natural gas to the Pakistani state oil company, according to which Qatar will supply it with 3.75 million tons annually.

In a separate context, relations between Qatar and Egypt are heading towards more rapprochement after the two countries took positive steps to start a new phase, represented by large investments and partnerships worth more than $5 billion, the formation of a joint higher committee, and high-profile mutual visits between the two countries.

In this context, the visit to the State of Qatar comes by Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones in Egypt.

He met Sheikh Faisal bin Qassim Al Thani, President of the Qatari Businessmen Association, and a number of major Qatari companies to open direct channels of communication with the Qatari business community.

Qatar expresses its desire to invest in renewable energy projects in Egypt, especially with Qatari companies having good experience in this field.

For his part, the CEO of the Qatari Authority expressed their desire to invest in new and renewable energy projects in Egypt, especially solar and wind energy plants, which are a priority for the Authority at the present time, in addition to studying entering into investment partnerships with a number of Egyptian companies, which have achieved great success.

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