Pakistan has received three offers to import up to 900,000 Mcf/day of LNG in tenders that closed October 1, a Ministry of Petroleum official said Tuesday.
Two state-run companies issued tenders over July-August seeking to commence LNG imports after three earlier attempts were cancelled by ministries or courts for lacking transparency.
Pakistan currently does not import LNG, and has been building receiving infrastructure with a view to commencing supply within a year of finalizing offer agreements and pricing details with suppliers.
State-run Inter-State Gas Systems or ISGS received offers from Pakistan Gas Port and Engro Vopak Terminal Limited to import a total 400,000 Mcf/day of LNG, while Sui Southern Gas Company received an offer from 4Gas Asia to import 500,000 Mcf/day, the official said.
ISGS plans to commence LNG imports within 11 months of finalizing supply agreements.
Engro Vopak, which has a terminal, plans to add a jetty to handle LNG imports, while Pakistan Gas Port intends to use the planned Fast-Track Engro Terminal Project or FOTCO jetty.
Sui Southern Gas plans to set up an LNG handling facility at its existing LPG terminal in Karachi.
Pakistan's Economic Coordination Committee, the country's highest decision-making body on economic and finance issues, in July approved the construction of three terminals at Port Qasim in southern Pakistan for importing, storing and regasifying a total of up to 1.7 Bcf/day of LNG.
The first was the FOTCO project with a 200,000 Mcf/d LNG capacity, which is likely to be completed in 6-8 months at a cost of $30 million-40 million.
The second was SSGC's LPG retrofit project with a 500,000 Mcf/d LNG capacity. That terminal has already been built, but is currently being used to import LPG, and its conversion to LNG will cost an estimated $200 million and take 22 months to complete.
The third was a new LNG terminal by ECC itself with a capacity of 500,000 Mcf/d to 1 Bcf/d, which international companies will be invited to bid to build at an estimated cost of $200 million-250 million over 26-30 months.
Pakistan produces about 4.2 Bcf/d of natural gas, well below its demand for 5.8 Bcf/d, which rises to near 6.2 Bcf/d in winter, according to petroleum ministry estimates.
Two state-run companies issued tenders over July-August seeking to commence LNG imports after three earlier attempts were cancelled by ministries or courts for lacking transparency.
Pakistan currently does not import LNG, and has been building receiving infrastructure with a view to commencing supply within a year of finalizing offer agreements and pricing details with suppliers.
State-run Inter-State Gas Systems or ISGS received offers from Pakistan Gas Port and Engro Vopak Terminal Limited to import a total 400,000 Mcf/day of LNG, while Sui Southern Gas Company received an offer from 4Gas Asia to import 500,000 Mcf/day, the official said.
ISGS plans to commence LNG imports within 11 months of finalizing supply agreements.
Engro Vopak, which has a terminal, plans to add a jetty to handle LNG imports, while Pakistan Gas Port intends to use the planned Fast-Track Engro Terminal Project or FOTCO jetty.
Sui Southern Gas plans to set up an LNG handling facility at its existing LPG terminal in Karachi.
Pakistan's Economic Coordination Committee, the country's highest decision-making body on economic and finance issues, in July approved the construction of three terminals at Port Qasim in southern Pakistan for importing, storing and regasifying a total of up to 1.7 Bcf/day of LNG.
The first was the FOTCO project with a 200,000 Mcf/d LNG capacity, which is likely to be completed in 6-8 months at a cost of $30 million-40 million.
The second was SSGC's LPG retrofit project with a 500,000 Mcf/d LNG capacity. That terminal has already been built, but is currently being used to import LPG, and its conversion to LNG will cost an estimated $200 million and take 22 months to complete.
The third was a new LNG terminal by ECC itself with a capacity of 500,000 Mcf/d to 1 Bcf/d, which international companies will be invited to bid to build at an estimated cost of $200 million-250 million over 26-30 months.
Pakistan produces about 4.2 Bcf/d of natural gas, well below its demand for 5.8 Bcf/d, which rises to near 6.2 Bcf/d in winter, according to petroleum ministry estimates.
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