LNG Terminals to be Built in the Next Two Years

The government has planned to build two new offshore Liquefied Natural Gas (LNG) terminals at Port Qasim on Build, Operate and Transfer (BOT) basis. The project is said to be built by private consortiums, led by foreign companies over the next 2 years in addition to the two existing LNG terminals.

Briefing the Senate Standing Committee on Maritime Affairs about operations and current activities of the port, Port Qasim Authority (PQA) Chairman Hassan Nasir Shah said after completion, the terminals would help cater the energy needs of the country. The Senate Panel, led by its Chairperson Senator Nuzhat Sadiq, held meetings for two days.

The 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. The experts have concluded that PQA had great potential for investment and economic development. Therefore, a number of new projects were under consideration.