Pakistan has recently issued a tender for a second LNG import terminal.
Reuters reports that the tender was launched earlier in January while the deadline for bid submissions is set for January 24, 2016.
The government wants the terminal, to be built at Port Qasim in the southern city of Karachi, the official said to Reuters.
A new jetty and a pipeline would have to be built and interested companies are invited to bid for a complete project or just a part of it. The terminal is expected to enter operation by mid-2017.
Pakistan is separately finalising a deal with Qatar to import more LNG to meets its surging domestic energy needs.
As soon as the sustainable supply of liquefied natural gas (LNG) into the country is affected, the annual fuel savings would exceed $2 billion, Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has recently said while speaking at a seminar on the “LNG outlook in Pakistan” organised by the Petroleum Institute of Pakistan.
Local news reports that the minister said that LNG was the only cost-effective solution for Pakistan’s energy problems. “LNG imports in Pakistan will be linked to oil, as we are displacing oil products. LNG price is pegged at 14 percent of Brent and calculating Brent at $40 / barrel, LNG import price would be $5.6 per mmbtu.”
