Pakistan GasPort Ltd’s (PGPL) new LNG floating storage and regasification import terminal at Port Qasim, Pakistan, has been officially inaugurated.
The new terminal will more than double Pakistan’s current LNG regasification capacity.
Trafigura Group Pte Ltd has also announced plans to develop a second LNG import terminal project at Port Qasim. The company will partner with PGPL in developing a new merchant floating storage and regasification unit (FSRU) project.
The joint venture will sell gas to private sector end-users without direct government involvement. The project will include a new jetty, berth and a second FSRU, benefiting from cost synergies with the existing facility.
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