The Fourth Construction Co. Ltd (FCC) of China National Chemical Engineering Group Corporation (CNCEC) has signed an EPCF contract with Daewoo Gas to build a new LNG terminal in Pakistan.
According to China Economic Net, this project, with a nameplate capacity of 2.5 million tonnes per annum (mtpa) of LNG, will eventually include ports; storage tanks, a distribution centre, and regas trains.
According to Shahid Karim, CEO of Daewoo Gas, the terminal may be operating off the coast of the Arabian Sea in southern Pakistan.
“This terminal is dedicated to selling liquids with the introduction of Virtual Pipeline System technology,” Zhou Hong, general manager of CNCECFCC.
Speaking at the virtual signing ceremony, Karim said, “We hope that by launching this project, Daewoo Gas will help meet Pakistan’s energy needs and help improve the country’s natural gas industry with its innovative technology.
When completed, this terminal will handle 10,000 tons of LNG per day at peak times, which Daewoo Gas says will improve Pakistan’s energy supply.
Zhou stated, “Under the China-Pakistan Economic Corridor (CPEC), this project will effectively close Pakistan’s energy gap and meet its clean energy, energy conservation, and emission reduction needs.”
