Home World Pakistan and Malaysia are Close to Signing Multi-Billion Dollar LNG Agreement

Pakistan and Malaysia are Close to Signing Multi-Billion Dollar LNG Agreement

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In a government-to-government agreement, Pakistan and Malaysia are close to finalizing a multi-billion dollar LNG supply agreement.

The deal is likely to be signed during the visit of Malaysian Prime Minister Dr. Mahathir Mohammad to Pakistan next month.

The Malaysian Prime Minister will come on March 23, and it is likely that several investment agreements signed during his trip,” said Chaudhry Hamid, deputy information secretary Pakistan Tehreek-e-Insaf (PTI) while talking on media.

Pakistan and Malaysia are Close to Signing Multi-Billion Dollar LNG Agreement

Pakistan and Malaysia are Close to Signing Multi-Billion Dollar LNG Agreement
Pakistan and Malaysia are Close to Signing Multi-Billion Dollar LNG Agreement

Prime Minister Imran Khan discussed the prospects of LNG with his Malaysian counterpart during his visit in November last year.

The two countries already signed an intergovernmental agreement for LNG in November 2017, but the government’s change to both points delayed the project.

During the visit, Prime Minister Khan also talked about the possibility of exporting to Malaysia skilled work, later by his special adviser on Overseas Pakistani Zulfikar Bukhari. The case can even be discussed during the visit of the prime minister.

In addition, Pakistan has also invited Malaysian investments in its oil and gas sector.

He said the PTI government had restored peace in the country and provided new opportunities and convenience to regain investor confidence.

He said several major investment agreements worth thousands of dollars would also be signed during the upcoming visit of Crown Prince of Saudi Arabia, Mohammad bin Salman.

Chaudhry Hamid emphasized that the investment of thousands of millions of dollars from China and Saudi Arabia is a clear indication for the rest of the world that “Pakistan is an ideal investment destination in various sectors.

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