Tag: LNG

Engro’s 2nd LNG terminal completed in early 2019

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Engro Corp, a Pakistani multinational’s second liquefied natural gas (LNG) terminal will be completed in early 2019. The country is heavily gambling on LNG imports to curb energy shortages, according to Reuters. Engro made Pakistan’s first LNG terminal was built in 2015, and completion of 2nd one in sight, finalizing plans for a 3rd one. […]…Read More

SSGC and LNG dispute deprived fertilizers company of gas

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Sui Southern Gas Company (SSGC) and Fatima Group have a dispute for high trolling charges liquefied natural gas (LNG) imports of and not willing to send imported gas until unresolved payments are settled from fertilizer manufacturer. Meeting held last month resolving dispute in Fatima Group criticized issues with Sui gas companies affecting to LNG imports […]…Read More

2 LNG terminals being set up to overcome energy crisis

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STAFF REPORT ISB: Pakistan is setting up two Liquefied Natural Gas (LNG) terminals from where the LNG gas would be provided to power sector for enhancing electricity generation capacity. Chairman Board of Investment Dr Miftah Ismail told the media that the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project would help Pakistan in overcoming its energy shortage. Miftah Ismail said Pakistan would get more than 750 mmcf gas daily through the project and will increase its…Read More

Pakistan to get 325mmcfd LNG for power sector

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article image STAFF REPORT ISB: Pakistan would receive 325 MMCFD of LNG on April 1, 2015 which would be a major breakthrough in the field of energy sector. Finance Minister Ishaq Dar was informed the quantity of LNG will gradually reach 400 MMCFD by the end of the year. The LNG will be used in power sector to replace expensive fuel. Secretary Finance, Dr. Waqar Masood gave an update on the implementation status of various initiatives, saying that a number of them had already been implemented…Read More

LNG to be deregulated, supplied to CNG stations

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article image STAFF REPORT ISB: The Liquefied Natural Gas (LNG) would be deregulated and supplied to the CNG stations across Pakistan in order to ensure availability of cheap fuel to the consumers. Minister for Petroleum Shahid Khaqan Abbasi told the Nation Assembly recently. He said that the government would not regulate the LNG sector and its price would also be determined by the private sector. "The LNG price would be around 30 per cent less than the petroleum products’ prices…Read More

ADB to help fund LNG terminal

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MONITORING REPORT ISB: The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal, a special purpose company which will build Pakistan’s first liquefied natural gas (LNG) regasification terminal. "Pakistan urgently needs to utilize its existing power generation capacity fully, while reducing its reliance on costly imported diesel fuel for electricity generation," said Azim Hashimi, an investment specialist from ADB. He said that…Read More

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1000MW production through LNG system by June 2015

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article image STAFF REPORT SIALKOT: The government of Pakistan has focused on developing the LNG system for power generation purposes in the country as the LNG system would be helpful in producing the cheaper electricity. "The government would soon lay down a LNG pipeline between Karachi-Sindh and Punjab. The government is also establishing small power generation plants in Sindh and Punjab to produce electricity through LNG," said Federal Minister for Water and Power Khawaja Asif.He was…Read More

Importing LNG amid priorities!

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History is witness to this awful fact that the conventional approach of our civil leadership and the bureaucracy too has always been the deciding factor behind in almost all affairs ranging from the local level to national level and the price of these decisions - especially bad decisions - was paid by none other than the poor masses. Constant wrong priorities of decision makers have given birth to Pakistan as a state of multiple crises. It is highly painful to note that we as a nation are in…Read More

Pakistan gets forward to have LNG

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STAFF REPORT IBD: The gas position in Pakistan is set to improve in near future as the contract for LNG (Liquefied Natural Gas) tender for the import of 400 MMCFT LNG is going to get forward on the basis of the recommendations of the Board of Directors of the Sui Southern Gas Pipelines Company, (SSGC) and the Economic Coordination Committee of the Cabinet.According to details, three bidders have been technically declared qualified by the SSGC and their Consultants. They include, Elengy of Engro…Read More

$2b LNG project may face disruption

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article image STAFF REPORT IBD: The laid down procedure on the May 2011 LNG project valued at over $2 billion is being changed midway. Earlier, the Ministry of Petroleum and Natural Resources and Oil and Gas Regulatory Authority had not only finalised the project, but also provided the capacity allocations to the three companies for importing LNG, source have said.The project includes investment from private companies and gas utilities - $160 million from Pakistan Gasport Limited, $200 million from Global…Read More