Tag Archives: LNG

  The PML-N government is very actively perusing LNG import and also terming it the right solution to overcome Pakistan’s looming energy crisis. However, some of the quarters attribute this to be nothing more than ‘rental power scam’. They insist that it is ‘selecting a lesser evil’ and question the prudence of policy planners. They even go to the extent of saying that the power energy policies of ruling junta …

  Natural gas accounts for 50 percent of Pakistan’s total energy mix. The present shortage of 2,000mmscfd has led to the closing down of small and large scale industries and businesses across the country. The LNG Policy was issued in 2006 but so far no project relating to LNG has been materialized. This is the final attempt by the government to bring LNG to Pakistan. At present, Asia accounts for …

  Natural gas accounts for 50 percent of Pakistan’s total energy mix. The present shortage of 2,000mmscfd has led to the closing down of small and large scale industries and businesses across the country. The LNG Policy was issued in 2006 but so far no project relating to LNG has been materialized. This is the final attempt by the government to bring LNG to Pakistan. At present, Asia accounts for …

  It seems there is a deliberate attempt to create justification for the import of Liquefied Natural Gas (LNG) and bid farewell to Iran-Pakistan (IP) gas pipeline project. This lobbying is being done on the behest of those who have been opposing the project for one or the other reason. The bottom line is to keep Iran and Pakistan at a distance and the efforts have been further enhanced by …

  The first-ever biggest financing of local banks in the history of Pakistan Presidents of Habib Bank Limited (HBL) and National Bank of Pakistan (NBP) in a meeting with Chief Minister Punjab Muhammad Shahbaz Sharif presented an offer to countersign the project financing amounting to Rs84 billion to set up 1,200 megawatts LNG-based power plant at Bhikki Sheikhupura, which would be the first of its kind project and the biggest …

  The first shipment carried by a floating Storage and Re-gasification Unit (FSRU), leased to convert liquid natural gas into natural gas arrived at Engro’s LNG Terminal at Port Qasim last week end. According to government energy plan, this import liquid natural gas will be used for power generation to cut the costly fuel oil used by over 60 percent of thermal power generating units. The induction of LNG into …

  LNG — A new addition to Pakistan’s energy basket The energy regime to witness a new era of Liquefied Natural Gas (LNG) providing the much sought after relief from the mounting pressure of rising demand for natural gas in Pakistan with the arrival of the floating storage and re-gasification vessels arrives at Port Qasim on March 10, 2015. The private sector has played a significant role in materializing this …

  Apart from Engro Corporation’s stellar growth that showcases a strong performance in key businesses, the Engro Group has added yet another feather to its cap — the Engro LNG Terminal at Port Qasim has set an example for other big business houses within the country to come forward with active plans to invest in energy sector aiming at overcoming the most crucial issue of energy shortages in Pakistan. Aliuddin …

  Liquefied Natural Gas (LNG) is by far the cheapest imported fuel on which Pakistan can rely to meet its future energy needs. The cost of regasified LNG stands at $9.37 per million British thermal units whereas the imported furnace oil costs $10.62 per mmbtu, high-speed diesel costs $20.03 and liquefied petroleum gas (LPG) costs $17.6. Natural gas in Pakistan meets 35 percent of power generation needs, 23.8 percent of …