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Economy

accord signed for Gwadar LNG pipeline

Gwadar GasPort Limited (GGPL), a joint venture designed by the Pakistan GasPort Ltd, Al-Qasim Gas and Jamshoro Joint Venture Ltd signed an agreement with Gwadar International Terminals Ltd to transport liquefied natural gas (LNG) onto special purpose trucks for regasification at different industrial sites across Pakistan.

GGPL is to kick off engineering work at the current Berth-3 at the Gwadar port for shipment of LNG from a floating storage unit on to trucks for shipment to CNG stations, textile mills, fertilizer plants and other large commercial and industrial units across the country.

The intention of the project entails special purpose trucks for the transportation of gas to consumers countrywide.

The GGCL Chairman Mr. Iqbal Z. Ahmed said,

“This is a major initiative in the private-sector to revolutionise the gas sector in Pakistan. With no government off-take guarantee or investment, the private-to-private sector sales will cut the red-tape and cater better to the market forces.”

He also added, this arrangement would help eliminate gas shortage next winter.

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