Pakistan GasPort Led Consortium Wins Tender to Set Up Pakistan's Second LNG Terminal

A consortium led by Pakistan GasPort Limited has won the tender to build Pakistan’s second LNG terminal by emerging as the lowest bidder, The Express Tribune reported Sunday.

The information was revealed in a tender evaluation report made public by government-owned Pakistan LNG Terminals Limited on Friday, the newspaper added.

Pakistan GasPort-led consortium included Fauji Oil Terminal and Distribution Company (Fotco). According to the evaluation report, the consortium has offered a levelised (service) charge of $0.4177 per million British thermal units (mmbtu) for handling a capacity of 600 million cubic feet per day (mmcfd), The Express Tribune reported.

The terminal will come up at Port Qasim which already has the first import terminal. Pakistan’s only operational LNG terminal at Port Qasim has so far regasified and pumped over 77 billion cubic feet of gas (bcf) into the national gas distribution network. The terminal became operational about a year ago. Utilising Excelerate's floating storage and regasification vessel (FSRU), the Exquisite, the facility has the capacity to deliver up to 690 million ft3/d of natural gas directly to Sui Southern Gas Company's natural gas pipeline system. Most of the gas has been supplied to gas-based power plants that were either sitting idle due to non-availability of gas or burning expensive form of fuel to produce expensive electricity.

The second terminal is expected to be complete in 11 months.