ISLAMABAD: A consortium of US-backed companies has proposed investing up to $4.4 billion in an integrated liquefied natural gas (LNG) project in Pakistan to strengthen the country’s energy infrastructure.
The proposed project will cover LNG imports, storage, regasification, gas transmission and supplies to major consumers. Global Vision Energy Partners and Khanjee Holdings are leading the consortium alongside international strategic investors and Luxembourg-based General Mediterranean Holding.
The project will be developed in two phases. The first phase, costing approximately $1.7 billion, will establish an LNG terminal and storage facility at Port Qasim. It will include four tanks with a combined storage capacity of 560,000 cubic metres and an annual handling capacity of around 35.6 billion cubic feet.
The second phase will involve constructing a 1,100-kilometre pipeline to transport gas to different parts of the country. The pipeline will have a daily transmission capacity of approximately 1.2 billion cubic feet.
The consortium has secured consent from Port Qasim Authority and submitted an application to the Oil and Gas Regulatory Authority for a provisional licence.
Meanwhile, the project could receive financial support from US development institutions and export credit guarantees. The consortium is also seeking local investors.
Pakistan currently lacks LNG storage facilities, making the proposed investment significant for energy security and regional gas trading.
For the latest updates, visit and follow The Truth International website (www.thetruthinternational.com) and subscribe/follow the TTI YouTube Channel, Instagram, and Facebook
