Qatar Petroleum joins consortium to develop LNG project

State-owned energy company Qatar Petroleum (QP) has joined an international consortium of major U.S., European and Japanese energy companies to develop a liquefied natural gas (LNG) import project in Pakistan. The consortium, which includes U.S. 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 on Tuesday.

“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.