Pakistan State Oil plans LNG import terminal: press
State-owned Pakistan State Oil (PSO) is planning to build a $500mn LNG import terminal near Karachi, Bloomberg reported on September 19.
The import terminal would take four years to complete, CEO Syed Muhammad Taha told the news agency in an interview. The company has an understanding with a few large customers and has begun preliminary preparations for the project that will include Pakistan’s first LNG storage facility, he said.
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PSO, Pakistan’s largest fuel retailer, may look for a partner for the project, Taha told Bloomberg. He didn’t offer exact details on the size of the project, whether it would be onshore or floating, or when it might be in operation by.
Pakistan at present has two operational floating LNG import terminals, both at Port Qasim near Karachi.