Malaysia's oil giant Petronas desires to enhance footprint in Pakistan
ISLAMABAD - Chairman Petronas Malaysia, Ahmad Adly , called on Special Assistant to Prime Minister (SAPM) on Petroleum, Nadeem Babar, here on Monday.
The visit of Chairman, Petronas to Pakistan is a follow up to the visit of Malaysian Prime Minister Dr Mahatir Muhammad's visit to Pakistan as the chief guest on the Pakistan Day Parade on 23rd March 2019. Both sides reviewed the existing cooperation and progress under the bilateral energy framework that exists between the two fraternal countries, said a press release issue here. Nadeem Babar, welcomed the visit of Ahmad Adly to Pakistan and re emphasized the strong brotherly and friendly bonds that exist between Pakistan and Malaysia. He reaffirmed the special veneration that is accorded to Malaysian Prime Minister Dr Mahatir Muhammad, who, the SAPM said "resides in the heart of all Pakistanis" and is a "World statesman of great stature." The Chairman Petronas reciprocated the feelings of warmth expressed by the SAPM and remarked that Pakistan is a country of great strategic value and importance to Pakistan. He recalled the successful visit of Dr Mahatir Muhammad to Pakistan and the need to diversify relations in the economic and energy sphere. He committed to Petronas desire to expand its footprint in Pakistan's LNG market. Pakistan's LNG demand is forecast to grow and mature into a huge market that would offer lucrative LNG supply opportunities to major world suppliers. Pakistan and Malaysia are already signatories to an Inter-Governmental Agreement on the supply of LNG which was inked in November 2017.