Local and Foreign Companies Interested in LNG Business in Pakistan – Research Snipers

Local and Foreign Companies Interested in LNG Business in Pakistan

Islamabad Chamber of Small Traders said on Sunday, Pakistan can be energy hub in the region as it borders China and India who are growing nations that needs more energy. Central Asian and Iranian gas can reach India and China through Pakistan which is the most feasible route for both countries.

TAPI pipeline is $10 billion project which can carry 33 billion cubic meter gas every day, it can benefit 1.5 billion people, according to Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.

The pipeline can serve a billion more if China consider natural gas to fuel its economy. Similarly, natural gas coming from Iran South Paras will improve the energy supply with 2775 km pipeline which would also be shared with India.

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Government’s LNG policy is proving to be successful and now dozens of companies local and foreign spreading their wings to jump into Pakistan LNG business which will eventually transform port Qasim into an energy hub.

Companies are interested in building regasification facilities including; Sapphire, Lucky Group, Shell, Engro, Fauji Foundation, Hallmore, Pakistan GasPort Consortium, Fatima Group, Mitsubishi, Total, Exxon, Hoegh LNG, and Qatar petroleum.

He also said LNG was the only short-term quick solution to overcome the energy crisis in Pakistan, the other methods were either too expensive or too slow.