Pakistan clears Qatar's bid for LNG regas terminal stake
The Competition Commission of Pakistan (CCP) has cleared QatarEnergy’s bid to acquire 49% stakes in a proposed LNG import and regasification terminal, Pakistani newspaper Dawn reported on November 24.
Qasim Terminal Holding Co., a subsidiary of state-owned QatarEnergy, had last month applied for clearance with Pakistan’s government to take a stake in Energas Terminal Private. Energas Terminal has a pact with ExxonMobil for LNG supply and is developing an import terminal at Port Qasim near Karachi.
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Energas, Energas Terminal's sister firm, was granted a license to market natural gas and regasified LNG in Pakistan in January this year. Another firm, Tabeer Energy, owned by Japan’s Mitsubishi, is also looking to develop an LNG terminal at Port Qasim.
Pakistan currently operates two LNG terminals, both at Port Qasim.