April 23, 2018 [Tank News International] - The government of Pakistan is to merge two state-owned LNG companies that are part of multi billion dollar gas terminal and supply contracts.
According to local media, following the merger of Pakistan LNG and Pakistan LNG Terminals, Pakistan State Oil (PSO) will be asked to transfer the handling of 600 million cubic feet per day (mmcfd) of imports from Qatar and commodity trader Gunvor to the new entity.
Two LNG terminals have been constructed in Karachi, with two more planned. The merger company is to deal with these terminals as well as LNG supplies.
Furthermore, it was reported that the government is trying to secure LNG supplies for new gas-based power plants in Punjab. Short and long-term contracts for 200 mmcfd have been agreed and the remaining 400 mmcfd are yet to be arranged.
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