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Tuesday June 18, 2024

SIFC representative visits PGPL LNG terminal at Port Qasim

By Our Correspondent
May 19, 2024
Shipping containers are seen stacked on a ship at a sea port in Karachi. — AFP/File
Shipping containers are seen stacked on a ship at a sea port in Karachi. — AFP/File

ISLAMABAD: A senior representative from the Special Investment Facilitation Council (SIFC) visited the Pakistan GasPort Consortium Limited (PGPC) LNG import terminal at Port Qasim, Karachi, the other day.

The SIFC representative was given a briefing on the terminal, its operational and safety standards, and on the roles of all technical partners involved this landmark $500m project, established by Associated Group (AG), says a press release. The representative visited the jetty control room and was given a tour of BW’s floating storage regasification unit (FSRU), BW Integrity, where he was informed about the LNG processing mechanism in some detail. The tour also included a visit to the site earmarked for the company’s proposed second LNG import terminal, based on a merchant model and without any throughput guarantees from the government. Almost all approvals have been obtained and all site-specific studies for this second terminal have been completed. Norway’s BW is the FSRU provider for the successfully running PGPC terminal, which was constructed by China’s Xinjiang Petroleum Engineering Company (XPE). Fauji Oil Terminal & Distribution Company Limited (FOTCO) is responsible for the O&M of the jetty and pipeline.

The PGPC terminal was commissioned in January 2018 and, with a regas capacity of 750mmcfd, is, in theory, the single largest source of natural gas in Pakistan. PGPC and its associates are encouraged by SIFC’s single-minded focus to encourage investment and economic growth.