Pakistan plans to build its first floating liquefied natural gas terminal by end-2008, Energy Secretary Ahmad Waqar said on Friday while on a trip to India. The 2.5 million-tonnes-a-year floating terminal would be built by local investors, Waqar said, adding they would also be responsible for sourcing the LNG.
"We are getting an integrated project in which someone, who sets up the terminal will also be managing supplies," Waqar, who is in New Delhi to discuss a gas pipeline from Iran to Pakistan and India, told reporters.
Pakistan's state-run Sui Southern Gas Co Ltd, is seeking bids from companies to build a 3.5 million-tonnes-a-year LNG terminal, which it wants to complete by 2011/12, Waqar said. "We are now at the bidding stage, and hopefully in next two to three months we should be in a position to finalise the transaction," he said.
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