Pakistan Gets Bids for LNG Supply

Pakistan has received expression of interests (EoIs) from 12 international companies over its open tender seeking supply of 400 million metric cubic feet per day liquefied natural gas that will be handled in the Engro’s terminal at Port Qasim, reports The News.

“The government wants to kill two birds with one stone through tender; one is to get the lowest price of LNG and second is pitch the same price before Qatari authorities for import of 200 mmcfd LNG under government to government basis,” a senior government official told the Pakistani newspaper.

Pakistan has been facing severe gas shortage due to increasing demand for electricity from households as well as industrial consumers. To fill the gap, the South Asian nation is trying to source LNG from countries like Qatar, through international tenders and the spot markets.

Islamabad is also speeding up its effort to build LNG infrastructure. Earlier this week, The News reported that Pakistan is collaborating with China to construct an LNG terminal at Gwadar Port and a pipeline to Nawabshah.

Engro’s ETPL (Elengy Terminal Pakistan Limited) is already building a terminal at Port Qasim which would be operational by March 31, 2015.