Pakistan & Malaysia Close to Signing a Multi-Billion Dollar LNG Deal

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

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

“The Malaysian premier will arrive on March 23, and several investment agreements are likely to be inked during his trip,” Pakistan Tehreek-e-Insaf (PTI) Deputy Secretary Information Chaudhry Hamid said while talking to media.

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

The two countries had already signed an Inter-governmental Agreement on LNG in November 2017 – but the change of governments on both ends delayed the project.

During the visit, PM Khan also discussed the prospect of exporting skilled workforce to Malaysia – which was later carried on by his special aide on Overseas Pakistanis Zulfikar Bukhari. The matter might even come under discussion during the premier’s visit.

Besides, Pakistan has also invited Malaysian investment in its oil and gas sector.

He said the PTI government has restored peace in the country and provided new opportunities and ease of doing business facilities to win back the trust of the investors.

He mentioned that several important investment agreements worth billions of dollars will also be inked during the upcoming visit of the Saudi Crown Prince Mohammad bin Salman.

Chaudhry Hamid emphasized that multi-billion dollar investment from China and Saudi Arabia is a clear indicator for the rest of the world that “Pakistan is an ideal destination for investment in different sectors.”