U.S.-Backed Consortium Proposes $4.4 Billion LNG Terminal in Pakistan

S. 4-billion LNG import and storage terminal in Pakistan, local media reported on Monday, as Pakistan faces high gas import costs with disrupted Qatari LNG flows. The companies, supported by the Trump Administration, include Global Vision Energy Partners GVEP and Khanjee Holdings, plus international strategic partners and Luxembourg-based General Mediterranean Holding, according to the reports.

The integrated LNG project in Pakistan envisages imports, storage, re-gasification, gas transmission, and gas sales to large customers. According to Pakistani media, the companies proposing the project have reportedly obtained consent for the potential site from the Port Qasim Authority. The consortium is also said to have applied with the Pakistani Oil and Gas Regulatory Authority OGRA to obtain a provisional license.