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


APP November 22, 2019
Representational image. PHOTO: REUTERS

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.

LNG supply to continue after plants’ privatisation

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 22nd, 2019.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ