Islamabad: The second state-of-the-art Liquified Natural Gas (LNG), considered 50 percent cheaper as compared to diesel in power generation, terminal is going to establish at the Port Qasim Karachi for which almost all formalities have been completed.
“We have succeeded in awarding, again through a transparent and competitive process, the work of building the terminal at the Port Qasim. The work on the terminal has started and within one year the flow of gas is likely to begin,” official sources said.
The present supplies, they said, barely met the country’s 50 percent demand and the LNG import was “critical” for development sectors including industry, power and fertilizer production. So, the private sector was invited to invest in setting up a terminal for receiving 200 mmcfd of LNG, to be expanded to 400 mmcfd, they added.