Project Profile
Value: US$1.4 billion
Location: Port Qasim, near Karachi, Pakistan
Capacity: 200 million cubic feet per day (cf/d) or 1.5 million t/y of LNG (1st pahse)
Construction: 2018
This Pakistan LNG project has been standing still on the drawing board for many years but the increase of gas consumption in the domestic market and the cold weather conditions of this winter have generate number of gas supply shortages these last months. According to fast growing gap between the gas supply and demand the initial project to revamp and upgrade the existing Progas LNG facilities has been shelved at the benefice of the greenfield Port Qasim LNG import Terminal project. This Pakistan LNG Terminal should require US$1.4 billion capital expenditure. The agreement between Qatar and Pakistan concerns the supply of 3.5 million tonnes per year (t/y) of LNG. In the first phase Sui southern and Engro Vopak are planning to build an LNG terminal and regasification facility of 200 million cubic feet per day (cf/d) or 1.5 million t/y of LNG. For the second phase, SSGC and Engro Vopak should double the downloading and regasification capacities of the Pakistan LNG terminal. To do so Engro Vopak is advising to expand the jetty in order to receive more vessels and larger LNG carriers. The construction of the terminal is planned to commence early 2017 and expected start-up is second quarter of 2018. The FSRU will be provided from Höegh LNG’s portfolio of FSRUs, including units under construction, the planned conversion FSRU or from new FSRU’s on order.
Operators:
Sui Southern Gas Company (SSGC)
Engro Vopak Terminal Limited (EVTL) (joint venture of Engro Corporation Limited and the Royal Vopak)
Contractors:
Höegh LNG: To provide the FRSU
ENI: Contracted to deliver LNG cargoes.