The Ministry for Petroleum of Pakistan has selected five developers to set up LNG import terminals to triple the country's import capacity. The consortiums shortlisted to build the 5 LNG terminals are Tabeer Energy, a unit of Mitsubishi Corp; Exxon and Energas; Trafigura Group and Pakistan GasPort; Shell and Engro Corp; and Gunvor Group and Fatima.
The designated groups must submit technical and financial details by early November 2019, as well as a US$2m concession fee. A further U$8m will be payable to the government on the signing of implementation agreements. The operators will finance the construction of regasification terminals and find buyers for the gas, paying Pakistan a royalty of US$1.90/t. The country will construct a US$2bn north-south pipeline to distribute the gas and storage facilities.
Two Floating Storage and Regasification Unit (FSRU) are currently in operation: Elengy Terminal Pakistan Limited (ETPL, a subsidiary of Engro) started a FSRU of 6.5 bcm/year in 2015, while Pakistan GasPort commisioned its 6.75 bcm/year facility in 2017.