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    Pakistan LNG to supply RLNG to K Electric

Summary

This is the first agreement where RLNG is being directly supplied by a government entity to a private company in Pakistan, Pakistan LNG said.

by: Shardul Sharma

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Complimentary, NGW News Alert, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Gas to Power, Corporate, Import/Export, News By Country, Pakistan

Pakistan LNG to supply RLNG to K Electric

State-run Pakistan LNG on August 10 said it had signed an agreement to supply regasified LNG (RLNG) to private power utility K-Electric.

Pakistan LNG will supply 150mn ft3/day of RLNG to K Electric’s 900 MW gas-based power plant in Port Qasim near Karachi. This is the first agreement where RLNG is being directly supplied by a government entity to a private company in Pakistan, the company said.

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Pakistan LNG CEO Masood Nabi said, "this will remain as a key moment in the public-private collaborative efforts towards the country's sustained growth."

The Bin Qasim Power Station 3 at Port Qasim is K Electric’s flagship project valued at over $600mn and is expected to come online by end of this year. K Electric CEO Moonis Alvi said work on the plant is progressing swiftly and this is the fastest commissioning of a project in recent times.

“The addition of this plant will go a long way in supporting Karachi's continued growth,” Alvi said.