Pakistan Sets Sights on 2nd LNG Import Terminal

Business & Finance

Energy-hungry Pakistan is planning to meet its gas needs by commissioning a second liquefied natural gas (LNG) import terminal, Reuters reports citing an unnamed government official.

As disclosed, the tender for the import terminal has already been launched and the bids are expected to be submitted by January 24.

The LNG terminal would be located at the country’s Port Qasim and would include a floating storage and regasification unit (FSRU), along with the accompanying infrastructure such as a new jetty and pipeline.

The terminal should be put in operation by the middle of 2017, the official claims.

Pakistan’s first LNG terminal has already been placed in Port Qasim. The LNG terminal utilizes one of Excelerate’s existing 151,000 m3 FSRUs, the 2009-built Exquisite and was a fast-track LNG import solution built to alleviate the energy shortage facing the country.

Pakistan is reported to be in the final stage of talks with Qatar regarding a sale and purchase agreement with Qatar for the import of LNG.

World Maritime News Staff