Pakistan GasPort extends commercial support to government amid regional LNG disruptions

Pakistan GasPort Consortium Limited (PGPC) has agreed to extend commercial support to the Government of Pakistan following recent disruptions affecting LNG movement in the region.

“PGPC has made this accommodation in the larger national interest in response to the government’s request,” a company spokesman said. “This cooperative measure is consistent with PGPC’s role as owner and operator of the country’s largest LNG terminal, which is also among the most operationally efficient LNG facilities in the region.”

Since commencing operations in January 2018, the PGPC terminal has handled 367 LNG cargoes and consistently delivered high operational efficiency, low fuel retainage and reliable performance. The terminal operates at one of the world’s most competitive tolling tariffs.

The project includes USD 500 million in investment across terminal, marine, storage, regasification and related infrastructure by PGPC, BW Group and Fauji Oil Terminal & Distribution Company Limited.

The terminal uses BW Integrity, a high-efficiency floating storage and regasification unit with storage capacity of 170,000 cubic meters and peak regasification capacity of up to 750 million standard cubic feet per day. Of that amount, 600 million standard cubic feet per day is contracted by state-owned Pakistan LNG Limited.

The FSRU was purpose-built by Samsung Heavy Industries and is owned by Norway’s BW Group and Japan’s Mitsui & Co.

PGPC has played a key role in Pakistan’s energy security framework by supporting RLNG-based power generation, reducing dependence on more expensive liquid fuels and improving reliability across the national gas and electricity systems.

“This contribution reflects PGPC’s continued commitment to constructive engagement with all stakeholders and to the continued provision of safe, efficient and dependable energy infrastructure for Pakistan,” the spokesman said.