Pakistan

LNG terminal: Senate standing committee visits site

ETPL is bound to set up the terminal in 11 months any delays will result in the penalty of $150,000 per day.

Our Correspondent June 26, 2014 Less than a minute read

ISLAMABAD: The Standing Committee of Senate visited Engro’s proposed LNG terminal site on Wednesday to review and discuss the progress on Pakistan’s first LNG import infrastructure. Elengy Terminal Pakistan Limited (ETPL) appraised the delegation of the project status and stated that ETPL has not commenced any construction activity as yet; however construction of temporary site facilities has been initiated. Construction equipment and machinery is being mobilised and dredger and piling barges are expected to arrive on the site by end of July. ETPL has been granted a licence by the Oil and Gas Regulatory Authority (Ogra) to construct a terminal at Port Qasim (PQ) for landing and re-gasification of liquefied natural gas (LNG) to be imported early next year. ETPL is bound to set up the terminal in 11 months any delays will result in the penalty of $150,000 per day.

Published in The Express Tribune, June 26^th, 2014.

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