Pakistan’s demand for LNG could increase more than three times in the next three to five years, the chief executive of Pakistan LNG informed. Namely, Pakistan’s two LNG terminals are being fully used, while two more will enter a final investment decision this year.
During 2018, Pakistan imported almost 7 tonnes of LNG, with this number possibly increasing this year to as high as 15 million tonnes. As for the next three to five years, this amount could reach 25 million to 30 million tonnes, Adnan Gilani, managing director and chief executive of Pakistan LNG, stated.
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Currently, Pakistan’s both LNG terminals are being almost fully used, Reuters reports, with another two expected to announce a final investment decision in the course of 2019.
The two import terminals of Pakistan feature a regas capacity of 1.2 billion to 1.3 billion cubic feet of gas per day, or around 9 million to 10 million tonnes of LNG a year. The country is also expected to negotiate more long-term contracts to import LNG into the country.
Today, Pakistan is experiencing a serious energy crisis, consisting of repeated blackouts and gas supply outages. These led to the sacking of the heads of two of its main gas distribution utilities in January.
