Qatar to invest in Pakistan's new LNG regas terminal: Press
Qatar is planning to invest in Pakistan’s next LNG import and regasification terminal, Bloomberg reported on October 28.
Qasim Terminal Holding Co., a subsidiary of state-owned QatarEnergy, has applied for clearance with Pakistan’s government to take a stake in Energas Terminal Private, people familiar with the matter told Bloomberg. Energas Terminal has a pact with ExxonMobil for LNG supply and is developing an import terminal at Port Qasim.
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Energas, Energas Terminal's sister firm, was granted a license to market natural gas and regasified LNG in Pakistan in January this year. Another firm, Tabeer Energy, owned by Japan’s Mitsubishi, is also looking to develop an LNG terminal at Port Qasim.
Pakistan currently operates two LNG terminals, both at Port Qasim near Karachi.