Gulf Today: Pakistan to Install Five More LNG Terminals

Following the approval of $16 billion LNG deal with Qatar at reduced price of 13.37 per cent of the Brent by the Economic Coordination Committee (ECC), the government of Pakistan has carved out a plan to install five LNG terminals by December 2017 with the capacity to import 2.9 billion cubic feet LNG per day with the objective to cope with the crisis owing to which Pakistan’s economy has been sustaining 1.5-2 per cent loss to the GDP every year for almost one decade.

All the terminals will be set up with leased floating storage re-gasification unit (FSRU) having levelised tariff tolling model.

Once all the five LNG terminals come on stream, then Pakistan will be in a position to import enough LNG to meet the current deficit of gas that stands at 2 billion cubic feet per day.

This will not only help bring down the power tariff in the country but would also reduce to bring down the cost of doing business that will give an impetus to the economic activities in the country. MORE