Islamabad: A private consortium of US firms, supported by the Trump administration, has formally proposed a massive $4.4 billion integrated liquefied natural gas merchant project at Port Qasim, Pakistan, to construct the nation’s first physical gas storage and upcountry transmission hub. The comprehensive initiative was unveiled on November 2, 2026, following the recent exit of the previous frontrunner, Energas. Led by Global Vision Energy Partners, Khanjee Holdings, and General Mediterranean Holding alongside global institutional co-investors, the project directly addresses Pakistan’s critical lack of domestic storage and aims to shield the local market from volatile international supply chain spikes while establishing a new regional trading hub for US and Middle Eastern suppliers.
Thank you for reading this post, don't forget to subscribe!The massive project will be executed using a 70:30 debt-to-equity corporate structure backed by US development agencies, including the US Trade and Development Agency, the Development Finance Corporation, and the Export-Import Bank. Strategically stationed at Port Qasim outside the volatile Strait of Hormuz chokepoint, the infrastructure will be developed in two phases, starting with a 560,000-cubic-meter storage terminal and expanding into an 1,100km upcountry delivery pipeline. The consortium plans to operate the venture entirely on a market-based merchant pricing model rather than relying on a single-buyer government contract, with sponsors already securing initial site clearance and filing for a provisional license from the Oil and Gas Regulatory Authority.
Story by Khaleeq Kiani
