China and UAE companies likely to invest 500 million dollars in LNG terminals
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2 companies from China and United Arab Emirates (UAE) are likely to invest 500 million dollars in LNG terminals.
According to sources, a consortium consisting of 2 companies from China and UAE has expressed interest to invest in the LNG project in Pakistan.
According to sources, a consortium of two companies is interested in investing up to $500 million for the construction of 2 LNG projects in Pakistan.
According to sources, this includes virtual and non-virtual LNG projects including LNG terminals, supply and import.
According to the sources, the investors involved in the consortium have started the process of discussion with the Pakistani authorities.
According to OGRA sources, the consortium consists of UAE company Baisun and China National Chemical and Engineering Company, which wants to set up a virtual LNG project at Kemari and a non-virtual LNG project at Port Qasim.
According to sources, the consortium holds licenses for both virtual and non-virtual LNG projects.
According to Ogra sources, discussions are currently underway on the projects, if these projects are implemented, the investment may be up to 500 million dollars.
According to sources, virtual LNG projects use virtual tracks instead of pipelines for LNG delivery.
According to OGRA sources, the consortium also wants to set up an LNG project at Port Qasim and is interested in laying its own distribution system instead of Sui Southern or Northern to deliver gas from this project to consumers.
According to sources, no government guarantee or cap-city payments are being considered in these projects.
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