Karachi yard offers to build LNG vessels
A shipyard in Karachi has offered to build LNG carrying vessels and tugboats in an effort to help Pakistan import gas.
The Karachi Shipyard and Engineering Works, the only yard in Pakistan, has offered to build the vessels with reports suggesting Pakistan is on the verge of signing an agreement with Qatar for the import of liquefied natural gas.
Port Qasim Authority has sought financial assistance from the government for the purchase of tug boats and other ancillary works required for operational readiness of the port’s channel for handling LNG import.
Elengy Terminal Pakistan Limited (ETPL) had been declared successful bidder and Sui Southern Gas Company (SSGC) had initiated an LNG services agreement with the bidder on January 17.
Under the project, ETPL will handle a minimum of 200 million cubic feet of LNG per day in the first year and 400 mmcfd in subsequent years for delivery to SSGC. The contract will be for 15 years starting November this year.
Last month Pakistan and Qatar met in Doha to discuss the importing of Qatari gas to Pakistan.
A Pakistan delegation, led by Petroleum and Natural Resources Minister Shahid Khaqan Abbasi, met with members of Qatar’s government
According to a senior government official, Qatar is willing to make the first delivery of LNG by November this year but it has stopped short of giving firm assurances. However, it is flexible in finalising supply arrangements.