The gap between demand and supply in Pakistan has reduced with the opening of a second LNG terminal at Port Qasim.
Speaking at the new terminal opening, Pakistan’s Prime Minister Shahid Khaqan Abbasi said that this is just one of several power projects the government is spearheading to reduce national power shortages.
Operated by private company Pakistan GasPort Ltd, the new terminal will provide 600 mmcfd of import volume taking the total capacity at the port to 1.2 billion cubic feet per day.
Supply and demand
The role of Pakistan's government in the new terminal has been to provide provide a regulatory framework and be a facilitator to the consumers and the suppliers.
Mr Abbasi said that LNG was the cheapest fuel available in the country and will adequately meet the growing demands of the commercial, industrial, domestic and CNG sectors. He added that the country has a huge market for natural gas.
Port Qasim, is a deep-water seaport in Karachi, Sindh, Pakistan, on the coastline of the Arabian Sea. It is Pakistan's second busiest port, handling about 35% of the nation's cargo (17 million tons per annum). Together, Port Qasim and Karachi Port, the busiest port of country, together handle more than 90% of all external trade of Pakistan.
