ISLAMABAD: The "Engro Vopak" was all set to participate in the bidding process for Liquified Natural Gas (LNG) to be held on October 1, as the company had completed its homework through its Port Qasim Terminal for the import of the gas.
This was stated by Chief Executive Officer (CEO) of Engro Vopak Company Limited Sheikh Imran ul Haq at a media briefing here.
He said that there was nothing in our favour or bias and his company was ready to participate in the open bidding process through competition.
He said that his company had joint venture with Royal Vopak of the Netherlands on 50:50 basis.
He said that Engro Vopak could handle LNG at Port Qasim and at any other terminal too, as his company had experience in handling of LNG.
"We have got permission for handling of LPG since 1996."
Sheikh Imran said that his company had made a total investment of US $105 million with storage of 82,400 CBM with 11 million draught, 103 acres land plot.
He said that his company was first to construct and commission LPG storage in 1999 and cryogenic facility of Ethylene (-103oc) in 2009 in Pakistan.
"Only state-of-the-art integrated bulk liquid chemical terminal in Pakistan established in 1997 with an investment of US $ 65 million is designed to handle 75,000 DWT vessel," he added.
The CEO Engro Vepok Terminal Limited said that his company handle Largest Ship of Phosphoric Acid of 31.5KT with DWT of 33.5K in 2013 with commissioning of Phase-IV (Ethylene) in 2009.
He said that his company also handle largest LPG ship of 9KT with DWT of 19K in Pakistan's history in 2013.
Imran said that Royal Vopak is a market leader in independent liquid bulk storage market.
He said that Vopak operates 85 terminals. "Vopak offers storage facilities for various products, including products under low temperatures and/or under pressure."
"Our professional approach towards LNG since 1996 Government of Pakistan had approved site."
"We proposed infrastructure for import of LNG at existing EVTL site proposal to construct new jetty in adjacent basin utilizing FSRU", he added.
He added that Economic Coordination Committee of the Cabinet (ECC) approved fast track project in July-October 2012 while SSGC supported 500 mmscfd of intermittent injection of gas
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