Exxon Mobil Partnering With Pakistan for Third LNG Terminal

Source: Bloomberg 3/16/2018, Location: Asia

Exxon Mobil Corp. is working with a group of Pakistan's large businesses on a proposal to build and supply the country's third import terminal for liquefied natural gas, according to the nation's minister for maritime affairs.

Exxon has partnered with Pakistani consortium Energas to develop the import terminal, the minister, Mir Hasil Khan Bizenjo, said by phone Friday, without providing further details. An Exxon spokesman in Singapore wasn't immediately able to comment.

According to a presentation the companies made to the country's regulators Thursday, a copy of which was obtained by Bloomberg, the group plans to start building a $150 million offshore terminal at Port Qasim near Karachi in May, pending government approvals. Exxon and Qatar would supply LNG to the terminal, which is expected to be completed by the end of 2019, according to the presentation.

With a population of more than 200 million and an economy growing above 5 percent, Pakistan has the largest appetite for LNG among emerging markets, according to Bloomberg New Energy Finance. The nation's domestic gas production has remained stable for more than a decade despite growing demand.

The terminal will have throughput capacity of 750 million cubic feet a day of gas, or about 5.6 million tons a year of LNG, according to the presentation. Exxon and Energas already have customers for about 300 million cubic feet a day of gas including power plants, it said.

Energas is a consortium of large Pakistani businesses looking to secure long-term gas supply on preferential terms, including Yunus Brothers Group, which owns Lucky Cement Ltd., and Sapphire Group.


Thailand >>  6/24/2022 - Saipem is pleased to inform that on 18 June the Nong Fab LNG Regassification Terminal, located in Mueang Rayong district in Thailand and executed in j...
Germany >>  6/16/2022 - • First LNG project in Germany invites customers to Binding Open Season. Registration at sales@hanseatic-energy-hub.de
• Fluxys strengthens HEH ...


Philippines >>  6/16/2022 - Lopez-led First Gen Corporation is seeking the approval of the Department of the Energy (DOE) on its bid for a six-month extension of the license for ...
Italy >>  6/13/2022 - The auctions of OLT Offshore LNG Toscana for the allocation of the continuous regasification capacity, in relation to multi-year allocation processes ...

Finland >>  6/9/2022 - Gasgrid Finland and Fortum have signed a Letter of Intent on placing Finland’s first floating LNG terminal vessel Exemplar at Fortum’s Inkoo port. Loc...
South Korea >>  6/7/2022 - The vessel has an optimized LNG storage tank to minimise the impact on cargo capacity.

Lloyd’s Register (LR) has awarded Approval in Princi...


Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.