Pakistani state-run Pakistan LNG Terminals and Pakistan LNG will be merged into a single entity with the process expected to be complete by January 1 next year, The Nation reported on December 29. The new entity will be called Pakistan LNG.

The two companies were set up to manage the import of LNG and various terminal operations, with Pakistan LNG Terminals handling storage and regasification, and Pakistan LNG the import and marketing of the gas. But their functions now overlap, sources told the newspaper. And as the government has decided that no new public sector LNG terminals will be built, Pakistan LNG Terminals has lost some of its importance, the newspaper said.

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Pakistan has received over 19mn metric tons of LNG since it began importing the fuel in 2015. It has two import terminals located at Port Qasim near Karachi which took 7.57mn mt of LNG last year.