Partners to Expand Pakistan LNG Inport Terminal
Excelerate Energy announced it has agreed with partner Engro Elengy Terminal Ltd. (EETL) to expand the EETL liquefied natural gas (LNG) import terminal in Port Qasim, Pakistan.Under the heads of agreement (HOA), Excelerate will exchange its existing floating storage and regasification unit (FSRU) Exquisite with a newbuild FSRU, Hull 2477, which is currently under construction at South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and due to be delivered in April 2020.
Royal Vopak Rraises Stake in Pakistan LNG Terminal
Dutch petroleum storage company Royal Vopak announced that it will acquire in total 44% in Elengy Terminal Pakistan Ltd (ETPL) in separate transactions with International Finance Corporation (IFC) and Engro Corporation Ltd (Engro Corporation). This includes the acquisition of a 29% share announced in July.ETPL's wholly owned subsidiary, Engro Elengy Terminal (Pvt) Ltd (EETPL) owns an LNG facility which is located in Port Qasim in Pakistan, adjacent to the Engro Vopak chemical terminal on the mainland side of the channel into Port Qasim.The facility has been in operation since 2015 and is the first LNG import facility in Pakistan.The facility consists of an LNG jetty including a 7.5 km high pressure gas pipeline.
Pakistan Seeks Another LNG Import Terminal
Government aims for second terminal startup by mid-2017. Pakistan has launched a tender for a second liquefied natural gas (LNG) import terminal, a government official said on Tuesday. The nation of 190 million people can only supply about two-thirds of its gas needs. The ruling party, which campaigned on promises of solving the energy crisis, wants to ease shortages by expanding LNG shipments before a 2018 general election. The official, who declined to be named, said the tender was launched earlier this month with a request for proposal (RFP) by Jan. 24. The government wants the terminal, to be built at Port Qasim in the southern city of Karachi, to be operational by around mid-2017, the official said.
SSGC Shortlists Akbar Associates for Second LNG Terminal
Akbar Associates has won the bid for constructing the second liquefied natural gas (LNG) terminal in Pakistan by offering the lowest tariff of 49.87 cent per million British Thermal Unit (mmbtu) for the LNG terminal. The board of Sui Southern Gas Company (SSGC) made the decision in a meeting held on Friday, say officials. The company will award the contract after finalizing the arrangements in the next 10 days. A day ago, SSGC had shortlisted two bidders – Pakistan Gas Port Limited and Akbar Associates – for building the second terminal for handling LNG imports. According to the evaluation criteria, Pakistan Gas Port Limited (PGPL) and Gunvor obtained a score of 89.3 from SSGC consultant AF Capital, while Akbar Associates got a score of 74.73.
LNG Import Terminal Opens in Pakistan
On March 28, 2015, officials from Engro Corporation, Excelerate Energy and the Government of Pakistan were present for the inauguration of Pakistan's first LNG import terminal in Port Qasim. Located in a channel of the Indus River east of Karachi, the terminal is a result of a fast-track LNG import solution built to alleviate the energy shortage facing the country, and was brought into service 11 months from the start of construction. Utilizing Excelerate's floating storage and regasification vessel (FSRU), the Exquisite, the facility has the capacity to deliver up to 690 MMcf/d of natural gas directly to Sui Southern Gas Company's natural gas pipeline system. As part of the commissioning process, Exquisite loaded its first LNG cargo in Ras Laffan, Qatar, on March 24, 2015.
Pakistan's Port Qasim to Receive First Cargo of LNG from Qatargas
The first load of Liquefied Natural Gas (LNG) traded by Qatari supplier, Qatargas, is planned to reach the Port Qasim LNG terminal on March 26, says a report in Reuters. Qatargas is providing the LNG to Pakistan at $8 to $9 per Million British Thermal Units (MMBTU), according to sources. According to official sources at the Ministry of Petroleum and Natural Resources, the first cargo of LNG will arrive in Karachi on March 26. However, the Port Qasim Authority (PQA) has also raised operational, technical and regulatory constraints over LNG imports. The Port Qasim authorities said that other shipping traffic will be hampered and delayed by nine to 10 hours which will result in heavy financial claims on PQA by other port terminal operators. Hence government should undertake required dredging.
Pakistan Gas Demand Expected To Double
Pakistan's demand for natural gas is anticipated to double by the year 2005, an increase which the country require an increase in gas imports, the state-run Sui Southern Gas Company (SSGC) said. SSGC managing director Mukhtar Ahmed said gas supplies of 500 million cu. ft. (14.16 million cu. m) per day from five new fields would be available by the end of 2002, but high local demand required other options such as imports. Currently, Pakistan produces 2.4 billion cubic cu. ft. (67.96 million cu. m) a day, one billion cu. ft. a day short of the domestic demand. Ahmed said that gas demand would grow by 3,581 million cu. ft. per day in 2005 and projections for the year 2010 was 3,868 million cu. ft. per day.
