Engro, Excelerate to Develop Gas Marketing Biz in Pakistan
08.15.2022 By Ricardo Perez - NEWS

August 15, 2022 [Natural Gas World] – Engro Eximp FZE, a subsidiary of Pakistan’s Engro Corporation, has signed a memorandum of understanding with New York-listed Excelerate Energy to develop a gas marketing business in the south Asian nation, Engro said on August 3.

 

The companies will jointly evaluate the possibility of establishing a regasified LNG (RLNG) marketing business. “This initiative has the potential to increase private company participation in Pakistan’s LNG sector and enhance Pakistan’s energy security by opening up new RLNG supply avenues for businesses and consumers,” the company said.

Elengy Terminal Pakistan, a joint venture between Dutch Vopak LNG Holding and Engro, operates a floating LNG terminal at Port Qasim near Karachi. The terminal has been chartered under a long-term contract from Excelerate.

The terminal currently fulfills as much as 15% of Pakistan’s natural gas requirements, Engro said.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More