Global Energy

Pakistan LNG Project

 Project Overview

 
Respective group companies are currently developing an LNG project in Pakistan, which consists of LNG supply to private customers in Pakistan, development of an LNG receiving terminal at Port Qasim, Karachi, and delivery at the gate of the customer through a long-term pipeline transport arrangement with local pipeline network operators.
 

Unlike other LNG receiving terminals, currently operational or under development at Port Qasim, GEI terminal is in a dedicated channel, and offers unhindered access to the largest LNG vessels in the world. The location has no container traffic, and is ideally suited for LNG operations.             

 
The Group has entered into a Time Charter Party agreement with Hoegh LNG for the supply of a Floating Storage and Re-gasification Unit (“FSRU”) for the terminal, which provides up to 1.0 bcfd send-out capacity. The FSRU provides state-of-the-art in engineering technology to store and regasify LNG with minimum losses, high redundancy and efficient operations. Front-end Engineering Design for the jetty and inter-connection pipelines has been completed.
 
 Downstream transport and distribution of regasified LNG shall be through the extensive pipeline network of Sui Southern Gas Company Ltd. and Sui Northern Pipelines Company Ltd, which together, service the length and breadth of Pakistan.  

                                         

History
 

2011         Obtained integrated project license from the Oil and Gas Regulatory Authority (“OGRA”), executed Implementation

                 Agreement (“IA”) with Port Qasim Authority (“PQA”), obtained environmental approval from the Sindh Environment Protection

                 Agency.

 

2012         Awarded pipeline capacity allocation by the EOI process of Government of Pakistan, purchased terminal site in LNG

                 Zone,completed sites and navigation surveys, completed FEED, acquired the remaining permits and rights.

 

2013         Participated into SSGC integrated RLNG purchase tenders, extended the relevant permits

 

2014-15    Developed partnerships, finance options and identified key RLNG customers, extended the relevant permits,received project

                 finance proposals from major international development institutions and export credit agencies.

 

2016         Executed 20 years LNG SPA with Qatargas, executed some other LNG SPA HOAs and MOUs. Executed 20 years FSRU

                 TCP Agreement with Hoegh LNG, Government has allocated 750 MMcfd of pipeline capacity for 30 years, extended the

                 OGRA license and increased terminal send out capacity to 1 Bcfd. Extended the IA with PQA. Received firm proposals for 

                 cash management and credit supports from local and international banks

 

2017         Agreed with Consortium of Qatar Petroleum, ExxonMobil, Total, Mitsubishi and Hoegh LNG for the development of the

                 Facility, updated the FEED, signed the EPC Framework agreement, commenced early works for the terminal facilities.

 

Future

 

2017          FID is planned in Q2 or Q3 or 2017

 

2018          First gas is planned in second half of 2018