A.Rafay
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ISLAMABAD:
With an investment of $600 million by three investors, three Liquefied Natural Gas (LNG) Floating Terminals with a total capacity of 1500 mmc would be established in Pakistan during 2012-14.
Energy crisis in the country has necessitated the private sector to come forward and share the investment burden with the government for establishing energy related infrastructure in the country.
The private sector has been issued licences to establish three LNG Floating Terminals at Port Qasim with capacity of 500 mmc each. These three floating terminals will be established on Build Operate and Transfer (BOT) basis by the private sector.
The experts in the private sector have termed it as a positive outcome of the energy crisis in the country, which has attracted the private sector to make investment in liquefied natural gas infrastructure where the country badly lacks behind despite facing crisis like situation since a decade.
Each LNG Floating Terminal will cost $200 million and till date Port Qasim authority has committed $600 million investment for three separate LNG Floating Terminals.
Global Energy Infrastructure Pakistan will complete establishment of first LNG Floating Terminal by October 2012, Energy Corporation EVTL by December 2012 and Pakistan Gas-Port by 2014.
Some 250 industrial units are functioning at Port Qasim Industrial Area and 200 new industrial units are being set up within different sectors of the economy. And with establishment of three LNG Floating Terminals within the jurisdiction of Port Qasim Industrial Area, it would help attract further investment in this industrial area.
The government has already committed with the local textile industry that it would ensure 500 mmc LNG before winter season to meet the gas shortfall in the country and save the export-oriented textile sector. The official informed that the government is trying to bridge the gap between demand and supply especially of gas through short-term measures like 500 mmc LNG import during the upcoming winter as this year gas shortfall will be much higher than last year.
The official said that recommendations of the three-member committee constituted by the prime minister for ensuring gas availability in winter season including a senior member from All Pakistan Textile Mills Association (APTMA) are to be made part of the LNG policy being finalised.
The volume of 500 mmc would be enough to bridge the demand and supply gap for the textile sector as well as priority sectors in the upcoming winter season, added the official.
At present some 4 billion cubic feet (BCF) gas is available and additional 4 BCF demand is available in the country The country is faced with 2 BCF gas constraint, explained the official.
With an investment of $600 million by three investors, three Liquefied Natural Gas (LNG) Floating Terminals with a total capacity of 1500 mmc would be established in Pakistan during 2012-14.
Energy crisis in the country has necessitated the private sector to come forward and share the investment burden with the government for establishing energy related infrastructure in the country.
The private sector has been issued licences to establish three LNG Floating Terminals at Port Qasim with capacity of 500 mmc each. These three floating terminals will be established on Build Operate and Transfer (BOT) basis by the private sector.
The experts in the private sector have termed it as a positive outcome of the energy crisis in the country, which has attracted the private sector to make investment in liquefied natural gas infrastructure where the country badly lacks behind despite facing crisis like situation since a decade.
Each LNG Floating Terminal will cost $200 million and till date Port Qasim authority has committed $600 million investment for three separate LNG Floating Terminals.
Global Energy Infrastructure Pakistan will complete establishment of first LNG Floating Terminal by October 2012, Energy Corporation EVTL by December 2012 and Pakistan Gas-Port by 2014.
Some 250 industrial units are functioning at Port Qasim Industrial Area and 200 new industrial units are being set up within different sectors of the economy. And with establishment of three LNG Floating Terminals within the jurisdiction of Port Qasim Industrial Area, it would help attract further investment in this industrial area.
The government has already committed with the local textile industry that it would ensure 500 mmc LNG before winter season to meet the gas shortfall in the country and save the export-oriented textile sector. The official informed that the government is trying to bridge the gap between demand and supply especially of gas through short-term measures like 500 mmc LNG import during the upcoming winter as this year gas shortfall will be much higher than last year.
The official said that recommendations of the three-member committee constituted by the prime minister for ensuring gas availability in winter season including a senior member from All Pakistan Textile Mills Association (APTMA) are to be made part of the LNG policy being finalised.
The volume of 500 mmc would be enough to bridge the demand and supply gap for the textile sector as well as priority sectors in the upcoming winter season, added the official.
At present some 4 billion cubic feet (BCF) gas is available and additional 4 BCF demand is available in the country The country is faced with 2 BCF gas constraint, explained the official.
