Tag: terminal

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

Port Qasim coal terminal commercially active

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Coal dedicated import at Port Bin Qasim is commercially operational heading all initial power projects. Arsalan I. Khan Secretary Pakistan International Bulk Terminal Limited (PIBT) Company notified Pakistan Stock Exchange that company’s project terminal to handle bulk cargo vessels at Port Qasim successfully completed and started commercial operation. Pakistan Stock Exchange trading PIBT as a […]…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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