Pakistan’s first LNG terminal established by the Engro Terminal Limited within record 330 days and with a capacity to re-gasify up to 600 mmscfd is inaugurated by Prime Minister Shahid Khaqan Abbasi.
Within eleven months since the contract was signed, the terminal began functioning which was an example of cooperation between the government and the private sector.
The bids for the whole process were completely transparent and world acknowledged government’s efforts in this regard as the perception was that the project would take several years but the government succeeded by introducing the LNG-based energy in a very short span.
It will benefit power, fertilizer, textile and other industries from huge supplies of regasified Liquefied Natural Gas (RLNG) with capacity to inject 600 mmscfd RLNG in the system, Engro terminal emerged as the single largest gas source in Pakistan.
With the supply of RLNG, the country would be saving about $1.5 billion each year as compared to other expensive energy resources such as diesel or furnace oil.
The second terminal would begin functioning in November this year followed by at least two other terminals in the private sector.
Prime Minister termed LNG import a game changer for Pakistan as the fifty per cent primary supply for energy was being made from gas. Experts lauded the efforts of the private sector.
