Wednesday, 26 January, 2022
HomeWorldPakistan to start building LNG pipeline with Russia in July

Pakistan to start building LNG pipeline with Russia in July

Pakistan will have a majority share of 51% to 74% in the project, while Russia will own the remainder, said PM Imran Khan's petroleum adviser Nadeem Babar.

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Islamabad: Pakistan will start building a 1,100 kilometer (684 miles) pipeline in July with Russia that will allow the South Asian nation to operate more liquefied natural gas terminals.

The South Asian nation will have a majority share of 51% to 74% in the project, while Russia will own the remainder, Nadeem Babar, petroleum adviser to the prime minister, said in an interview on Dec. 14. Pakistan’s gas distribution companies Sui Southern Gas Co. and Sui Northern Gas Pipelines Ltd., which have started acquiring land for the pipeline, will be a part of the project, while a Russian consortium will lead construction.

Pakistan has become one of the top emerging markets for the super-chilled fuel in recent years as domestic gas production has plateaued, forcing the nation to import cargoes. The nation has also auctioned a record 20 oil and gas blocks to encourage exploration activity, with bids expected by mid-January, said Babar.

Pakistan, which imported its first cargo five years ago, currently has two LNG terminals. It’s running the two terminals at capacity to meet peak winter demand, with 12 cargoes secured for December and 11 for January, Babar said. Two more LNG terminals, Energas and Mitsubishi’s Tabeer Energy, are expected to start in the next few years.

Pakistan has LNG deals for 700 million cubic feet a day and Prime Minister Imran Khan’s government will decide if the nation needs another medium-term LNG contract for five years after reviewing demand from power generators, the biggest consumers of the fuel, in the next three months, said Babar.

The nation has also decided that it will only import cleaner Euro-5 diesel from January after doing the same for gasoline earlier this year. Besides imports, Pakistan also plans to add 150 million cubic feet a day of domestic gas output this month, including 50 mmcfd from the Mari gas field, Babar said.-Bloomberg


Also read: More personal vehicles, cooking at home spark a petrol and LPG boom in India


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3 COMMENTS

  1. You have good fun 😂😂 First think about how to return the loan to Saudi Arabia. Having mortgaged the whole of Pakistan to China, now you are talking about self-sufficiency of Pakistan? First take the dose of polio yourself, then make Pakistan self-reliant.😂😂😂

  2. Imran khan lead government is doing really miracles for Pakistan and their turnaround in economy is witnessed by the international agencies too.
    Already their exports are increasing at large scale and imports are minimising.
    Textile and engineering items are biggest exporting commodities and imports of all surgical items and medical machinery is now being halted and made in Pakistan items are procure for while healthcare industry in Pakistan.
    Actually, covid was a blessing in disguise for Pakistan.
    Now, due to civid 19, Pakistan has got self reliant in most of the items, which they earlier used to import.

    • Hahaha… he has made Pakistan China’s colony…
      Waiting for the day when Pakistanis will be put in jails for naming their children Muhammad… the day is not far when pakistani copies of the quoran will be edited by the masters in Beijing

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