Two more LNG terminals to be built in 2 years

The committee members praised the performance and progress of the PQA in terms of operations, revenue generation

KARACHI: Two new offshore liquefied natural gas (LNG) terminals would be built at Port Qasim on build, operate and transfer (BOT) basis by private consortiums, led by foreign companies, over the next 24 months in addition to the two existing LNG terminals, said Port Qasim Authority (PQA) Chairman Hasan Nasir Shah.

Briefing the Senate Standing Committee on Maritime Affairs about operations and current activities of the port, Shah said after completion the terminals would help cater to the energy needs of the country.

The Senate panel, led by its Chairperson Senator Nuzhat Sadiq, held meetings for two consecutive days on November 20 and 21 at the PQA head office.

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Committee members also visited the operational area and industrial zone of the port and appreciated the clean and green environment. They also praised the performance and progress of the PQA in terms of operations and revenue generation.

It was informed during the briefing that the PQA had great potential for investment and economic development and a number of new projects were under consideration.  

Published in The Express Tribune, November 22^nd, 2019.

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