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.
Engro is discussing plans with Royal Dutch Shell, Fatima Group, and Gunvor a trading house for the 4.5mn tons per year project.
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“We are looking at early 2019 to complete the project with all technical work done,” Chief Executive of Engro’s LNG unit, Elengy Terminal Pakistan, Jahangir Piracha told Reuters.
Mr. Piracha reported that his conglomerate signing a final investment decision (FID) within few months.
Following Prime Minister Shahid Khaqan Abbasi’s reorientation of the country’s gas vitality arrangement, a few organizations are searching for accomplices keeping in mind the end goal to fabricate terminals.
Soon, a moment terminal is required to come on the web; this should direct the gas lack issues that the nation has had for over 10 years.