Pakistan's Elengy Invites EoI for LNG Project
Elengy Terminal Pakistan (ETPL), a joint venture between Dutch Vopak LNG Holding and Pakistan’s Engro Corp, has invited expressions of interest (EoIs) to set up Pakistan’s first onshore LNG import terminal, ETPL said on June 24.
ETPL is planning a multi-functional onshore LNG storage and regasification terminal at Port Qasim, Karachi. Through the EoI, ETPL intends to secure regasification, storage and other operational services such as bunkering, trucking, and reloading.
“Subject to the final investment decision on the project, the onshore terminal is planned to be developed under a typical industry open access business model, with a send-out capacity projected up to 1.2bn ft3/day (12.4bn m3/yr) and storage capacity of up to 480,000 m3,” ETPL said. The terminal is expected to start its commercial operations in 2023.
“With the energy needs projected to show continued growth, we firmly believe that developing and investing in an onshore terminal is a step in the right direction to ensure flexibility of operations and provide energy security to Pakistan for the coming decades," ETPL CEO Yusuf Siddiqui said.
ETPL at present operates a floating LNG terminal, also at Port Qasim. The terminal has handled over 300 LNG cargoes since it became operational in 2015. The terminal is also undergoing expansion by replacing the existing floating storage and regasification unit with a newbuild vessel, which will increase its send out capability by more than 150mn ft3/day by the end of this year.