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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Pakistan's First LNG Terminal
Mar 21, 2014

Faced with a severe power crunch, Pakistan which is planning to import LNG as a stop gap arrangement, expects the first terminal in the country at Karachi to be ready by November this year.

In a  two-day Pakistan Oil and Gas 2014 summit organised by the International Research Networks (IRN) the experts said, the demand for gas was expected to double in the next ten years and gas production at four billion cubic feet a day(BCFD) was less than the required 6 BCFD. This could rise to 8 BCFD and at the current rate of growth by 2020 the demand could touch 13 BCFD. 

Pakistan’s LNG deal with Qatar is yet to be approved by the federal cabinet but the contract for building the terminal in Karachi was awarded. The price of the LNG has not been finalized, but according to reports it was pegged too high. But Pakistani officials said, “The price is yet to be determined and it is a government to government process. Obviously we will go for the minimum possible price." 

Pakistani minister for Petroleum & Natural Gas said, the differences in the Gulf Cooperation Council will not impact the LNG deal. Pakistan intends to import 400 MMCFD (million cubic feet a day) of LNG and apart from Qatar, and it will also look at other countries for supplies. He reiterated that the Iran-Pakistan gas pipeline was stalled due to the US sanctions against Iran and the financing too was an issue. He said the design for the project was ready and it could be executed in 36 months if the sanctions were lifted. Pakistan government was committed to this project. Pakistan will face penalties of up to $3 million a day if the pipeline is not completed as scheduled by December 2014. 

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