Prime Minister Shahid Khaqan Abbasi inaugurated the country’s second Liquefied Natural Gas (LNG) terminal at Port Qasim in Karachi on Sunday.
Speaking on the occasion, the premier said LNG terminals were the biggest source at the country’s disposal for meeting its gas requirements.
However, he added, all previous government had failed to import LNG.
The PM noted that the new terminal had been constructed in just 330 days.
“The project’s tender was floated and its contract awarded in a transparent manner,” he remarked.
He added that work had started on the project within months after its contract was awarded to the bidding party.
“Around 100 LNG vessels have arrived in Pakistan so far,” he said.
Abbasi further pointed out that Pakistan used to import fertilisers, but was now exporting thousands of tonnes of the commodity.
The second terminal, called the Pakistan LNG Terminal Limited, has been set up by the Pakistan GasPort Consortium Limited.
The first LNG import terminal in operation was established by Engro’s Elengy Terminal Pakistan Limited. It has an installed capacity of 600mmcfd.
Pakistan is an energy-deficit country. It has a huge, unmet demand for natural gas that has hindered economic growth over the years. It has recently embarked on an ambitious and aggressive plan to meet its energy needs.
Its third LNG terminal at Port Qasim will become operational in 2018, taking the total installed capacity close to 2,000 million cubic feet per day.
A Turkish company, Global Energy Infrastructure Limited, is constructing the third terminal that will have a capacity of 750 million cubic feet per day (mmcfd) at Port Qasim’s LNG Zone in Karachi.