ExxonMobil to help build LNG terminal in Pakistan

ISLAMABAD: After getting a liquefied natural gas (LNG) supply contract from private-sector consumers, US energy giant ExxonMobil is planning to build the third LNG terminal in Karachi as a joint-venture partner.

Some time ago, ExxonMobil, in collaboration with Pakistan’s exploration and production companies, drilled an offshore well to search for hydrocarbon reserves in the Arabian Sea. However, the effort could not prove successful.

Now, in a new venture with Energas consortium, the US firm is going to invest in setting up an LNG terminal in Pakistan.