ISLAMABAD: Pakistan GasPort Consortium Limited (PGPC) has agreed to extend commercial support to the Government of Pakistan following recent disruptions affecting LNG movement across the region.
In a statement issued on Thursday, a spokesperson for PGPC said the company had made the accommodation in response to the government’s request and in the larger national interest.
The company stated that the move reflects PGPC’s continued commitment as the owner and operator of Pakistan’s largest LNG terminal, recognised among the most operationally efficient LNG facilities in the region.
Since beginning operations in January 2018, the PGPC terminal has handled 367 LNG cargoes while maintaining high operational efficiency, reliable performance, and low fuel retainage. The terminal also operates under one of the most competitive tolling tariffs globally.
The LNG terminal project represents an investment of approximately $500 million in terminal, marine, storage, regasification, and allied infrastructure by Pakistan GasPort Consortium Limited, BW Group, and Fauji Oil Terminal & Distribution Company Limited.
The facility operates through the Floating Storage and Regasification Unit (FSRU) BW Integrity, which has a storage capacity of 170,000 cubic metres and peak regasification capacity of up to 750 million standard cubic feet per day (mmscfd). Out of this, 600mmscfd is contracted by Pakistan LNG Limited (PLL).
The FSRU was purpose-built by Samsung Heavy Industries and is owned by BW Group and Mitsui & Co..
PGPC said the terminal has played a key role in strengthening Pakistan’s energy security by supporting RLNG-based power generation, reducing dependence on expensive liquid fuels, and improving the reliability of the country’s gas and electricity systems.
“This contribution reflects PGPC’s continued commitment to constructive engagement with stakeholders and to the provision of safe, efficient, and dependable energy infrastructure for Pakistan,” the spokesperson added.
