Port Qasim LNG Terminal Project Secures SSGCL Board Approval

News: A subsidiary of Pakistan-based Engro Corporation has received approval to build a new terminal for the import of liquefied natural gas (LNG) at Port Qasim from the board of the Sui Southern Gas Company (SSGC). Under the approval, SSGCL has put forth two conditions. The power owner is unlikely to have the right to claim capacity payments in case of non-materialisation of LNG supply contracts or in case of late shipment of supplies according to the first condition. Under the second condition, the SSGCL will not be accountable for gas losses at the terminal during the re-gasification process. The deal will be signed between the two parties after securing a go-ahead from the Economic Coordination Committee of the cabinet, pending Engro's written consent to accept the conditions.

This article is tagged to:
Sector: Oil & Gas, Shipping
Geography: Pakistan

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