Pakistan's First Import Terminal Achieves Milestone

Engro Elengy Terminal (EETPL), the owner of Pakistan's first LNG import facility, has achieved the milestone of completing fastest 200 ship to ship transfers of LNG at any terminal in the world, Engro Corporation said January 2.

Since the start of operations almost four years ago, the import terminal has supplied 200bn ft³ of regasified LNG to Pakistan’s national grid, helping reduce country’s gas deficit by 30%, Engro said. The terminal has operated at Port Qasim since March 2015.

Last month, Engro Corporation announced the closing of the deal  signed early-2018 for Vopak to acquire a 29% stake in Elengy Terminal Pakistan, which wholly owns Engro Elengy Terminal. Last month, Vopak said it will buy an additional stake in the terminal. Once Vopak closes the deal to acquire addition stake in the terminal it will own 44% stake while Engro Corporation will own 56% stake. 

The facility has an LNG jetty, including a 7.5 km high-pressure gas pipeline. This pipeline is connected to the grid of EETPL’s sole customer, the Sui Southern Gas Company (SSGC), a Pakistani government-owned entity. EETPL holds a 15-year floating storage and regasification unit (FSRU) time charter.