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Qatar, Pakistan Sign Long-Term LNG Agreement

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Qatar, Pakistan Sign Long-Term LNG Agreement BUSINESS | Page 1 Qatar SPORT | Page 1 Airways ranked Sharapova among world’s pulls out INDEX DOW JONES QE NYMEX QATAR 4 – 12, 30, 31 COMMENT 28, 29 most of Qatar REGION 12 BUSINESS 1 – 8, 11 – 16 powerful 15,954.49 9,619.48 29.73 ARAB WORLD 13 CLASSIFIED 9 – 11 Total Open -72.56 +77.80 +0.04 INTERNATIONAL 14 – 27 SPORTS 1 – 12 -0.45% +0.81% +0.13% brands Latest Figures published in QATAR since 1978 THURSDAY Vol. XXXVI No. 9995 February 11, 2016 Jumada I 2, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals Qatar, Pakistan In brief QATAR | Offi cial Rent freeze for sign long-term commercial outlets HH the Emir Sheikh Tamim bin Hamad al-Thani yesterday ratified Cabinet Decision No 6 of 2016 on the extension of leases of premises and parts thereof that are leased LNG agreement for non-residential purposes, governed by the provisions of Under the terms of the agreement, Law No 4 of 2008 regarding Qatargas 2 will supply 3.75mn property leasing and are in force tonnes a year of LNG to PSO for on 14/02/2016, for one year starting a period of 15 years with the first from 15/02/2016, unless the lease cargo expected to be delivered in provides for a longer period or the March 2016. lessee does not intend to renew the lease, provided that the lessee is atargas 2 has signed a long- occupying the leased premises. term agreement to supply Pa- The decision is eff ective starting Qkistan State Oil Company Lim- from February 15 this year. ited (PSO) with liquefi ed natural gas (LNG). The sales and purchase agreement QATAR | Cabinet (SPA) was signed by Saad Sherida al- HH the Emir Sheikh Tamim bin Hamad al-Thani receiving Pakistan Prime Minister Move to regulate Kaabi, Qatar Petroleum president and Nawaz Sharif ahead of their talks at the Emiri Diwan yesterday. CEO, and chairman, Qatargas board of heavy transport sector directors and Sheikh Imran ul Haque, sion for Qatargas as we continue to play Port Qassim as part of the Elengy LNG The Cabinet yesterday reviewed managing director and CEO of PSO. a key role as a world leader in the supply terminal, Pakistan’s fi rst LNG import a recommendation on creating Under the terms of the agreement, of clean, reliable energy to global mar- terminal. a database of heavy transport Qatargas 2 will supply 3.75mn tonnes HH the Emir Sheikh Tamim bin Hamad al-Thani, HH the Deputy Emir Sheikh kets. Qatargas 2, a joint venture between owners in the country. Several a year of LNG to PSO for a period of 15 Abdullah bin Hamad al-Thani and Pakistan Prime Minister Nawaz Sharif witnessing “After delivering the commissioning Qatar Petroleum, ExxonMobil and To- other recommendations were also years with the fi rst cargo expected to be the signing of an agreement yesterday. cargo in April last year, we are delighted tal which started production in 2009, is made in a report prepared by a delivered in March 2016. that our discussions with PSO regard- committed to reliable supplies of clean, committee set up to regulate the Al-Kaabi described the agreement as countries around the world meet their this opportunity to register my sincere ing a long-term agreement have come safe and highly effi cient source of en- heavy transport sector, the off icial “a very important milestone in Qatar’s growing energy needs.” appreciation to Sheikh Khalid bin Kha- to fruition. Taking this opportunity, we ergy. Qatar News Agency reported. Page 4 standing as a reliable energy supplier as He said he was “very proud to wel- lifa al-Thani, Qatargas chief executive thank the team at PSO for their hard One of the key strengths of Qatargas it marks the fi rst direct long term agree- come Pakistan to our customer port- offi cer, and his team for their excellent work and we look forward to a strong has been the development of consider- ment between the two companies”. folio” and thanked Pakistan Minister of work to fi nalise this important agree- and enduring partnership with PSO able expertise in supporting the com- WORLD | Science Al-Kaabi said: “The State of Qatar, Petroleum and Natural Resources Sha- ment.” and Pakistan.” missioning of new LNG Receiving Ter- New window under the leadership and guidance of hid Khaqan Abbasi, “who along with On his part, Sheikh Khalid said: In April 2015, Qatargas delivered minals globally. HH the Emir Sheikh Tamim bin Ha- the leadership in Pakistan, have been “Emanating from our vision to estab- the fi rst commissioning cargo to PSO To date, the company has helped on universe mad al-Thani, is constantly looking to instrumental in achieving this impor- lish new markets with a new portfolio onboard the LNG vessel, Excelerate commission 17 LNG terminals across The first-ever detection of expand and enhance its LNG market tant milestone”. of customers, the signing of this agree- Exquisite, the Floating Storage and the Americas, Europe and Asia. gravitational waves, which share while at the same time helping Al-Kaabi said: “I would like to take ment represents a momentous occa- Regasifi cation Unit (FSRU), moored at Pages 8, 9 scientists could announce in Washington, Paris and London today, would open a new window on the universe and its most violent phenomena. Page 28 Qatar condemns suicide attacks REGION | Appointments QNA In a statement, the Foreign Minis- UAE names minister Doha try said that such criminal acts, which target innocent people, violated all for happiness humanitarian values, ethics and prin- The United Arab Emirates atar has strongly condemned ciples. yesterday named women to the twin suicide attacks waged by The Foreign Ministry reiter- newly-created posts of state Qthe Boko Haram movement on ated its “fi rm stance denouncing ministers for happiness and a camp for displaced persons in north- violence in all its forms and mani- tolerance, and a 22-year-old female ern Nigeria. More than 60 people were festations whatever it motives and for youth aff airs. Page 12 killed in the attacks. justifi cations”. European MPs receive assurance on labour rights By Ramesh Mathew Staff Reporter seven-member European Parliamentary (EP) delega- A tion has expressed the hope that Qatar will adhere to its com- mitments to international labour forums on the protection of human rights of migrant workers in the country. “Qatari offi cials have given us con- crete assurances on the issue and we Andrej Plenkovic, second from right, explaining a point as Jozo Radros, head of EU are optimistic that the human rights Secretariat Armelle Douaud and EU ambassador to Saudi Arabia Adam Kulach look on. and living conditions of the work- ers will be adequately taken care of Saifi ( from France), Afzal Khan (the also at diff erent levels in Asia, Islamic by the authorities,” the delegation’s UK), Pier Antonioc Panzeri (Italy) and world and globally. leader, Andrej Plenkovic, said in Doha Mark Demesmaeker (Belgium). Plenkovic said the European Par- yesterday. The Croatian MP said the local liament had enormous concerns on “Qatar has informed us about the authorities and the team members the developments in Syria which cost improvements made in respect to shared a similar point of view on a the lives of more than 100,000 peo- the legislative framework in order to host of issues, including the refugee ple and triggered the unprecedented guarantee better working standards crisis in Europe and the happenings in refugee crisis. and human rights,” he explained. Syria, Yemen, Iraq, Libya and Egypt. When asked about the amend- The delegation met HH the Emir “We also discussed latest develop- ments eff ected by EU members to Sheikh Tamim bin Hamad al-Thani, ments in Iran,” said Plenkovic, while facilitate visa on arrival to UAE citi- Shura council chairman HE Mohamed replying to questions on the team’s zens, the head of the delegation said bin Mubarak al-Kholaifi and Qatar Cen- visits to Saudi Arabia and Qatar. the European Union rules pertaining tral Bank chairman HE Sheikh Abdullah Plenkovic said that the European to such issues were very cumbersome bin Saoud al-Thani, among others. Parliament and European Union had and a lot of deliberations and proce- Besides Plenkovic and Jozo Rados, enormous respect for Qatar as the dures were needed to be carried out both MPs from Croatia, the team con- country is positioned itself as “a vi- before granting similar facilities to sisted of Arnaud Danjean and Tokia tal player” not only in the region but other GCC nationals. Page 4 Gulf Times 4 Thursday, February 11, 2016 QATAR Emir meets European Parliament delegation HH the Emir Sheikh Tamim bin Hamad al-Thani met the Chairman of the Foreign Aff airs Committee of the European Parliament Andrej Plenkovic and the committee members, at the Emiri Diwan yesterday. Talks covered the latest developments in the region. HE the Speaker of the Advisory Council Mohamed bin Mubarak al-Khulaifi attended the meeting. Cabinet reviews recommendations to regulate heavy transport sector he Cabinet yesterday model for contracts to hire order to open the fi eld for committed to teach the Ara- reviewed a recom- heavy equipment. private investment, encour- bic language in all science- Tmendation on cre- The committee was set age competition and pro- and knowledge-related ating a database of heavy up to examine all matters vide universal, high-quality matters. transport owners in the related to heavy transport, postal services to individu- The Cabinet also ap- country. Several other rec- which included studying als and businesses across proved a proposal by the ommendations were also the means of regulating the the country at reasonable Ministry of Interior to made in a report prepared sector, proposing practical rates, QNA reported.
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