Lagging behind: LNG terminal awaits first regular cargo
Behind the fanfare surrounding Pakistan’s entry in the liquefied natural gas (LNG) market, anxiety has started to creep in among officials whose stakes in the latest energy venture run high.
Regular and scheduled import of LNG should have started by now. Not just because the country desperately needs to address energy woes, but due to its commitments with a private terminal operator.
Every day, the government is paying $272,000 to Engro Elengy Terminal, which has invested millions of dollars to build a jetty and hire a floating storage and regasification unit (FSRU) to handle LNG, which is basically a super-chilled liquid form of natural gas.
“That’s a fixed charge we have to pay the terminal operator in any case. It’s important that government realises that and starts importing at the earliest,” said an official connected with the project.
After much delay, the FSRU docked at Port Qasim on March 26. It also brought in its tanks around 3,000 million cubic feet of gas. Initially, it was expected that the cargo will last for 15 days considering a throughput of 200mmcfd.
But now officials say that average of 100mmcfd is going into the system, adding to perception that the government is trying its best to stretch use of the first cargo for as long as possible.
The terminal is designed to handle 600mmcfd. Contractually, the government can use up to 400mmcfd of capacity. tribune.com.pk/st...
LNG ship (FSRU) arrives at Port Qasims Engro Elengy Terminal
A Liquefied Natural Gas (LNG) ship which stores and converts LNG to gas (FSRU) reached Port Qasim on Thursday with an initial cargo load of 148517 cubic metre of LNG.
This will now permanently dock at the Engro Elengy Terminal at Port Qasim and together will provide Pakistan’s first state of the art LNG terminal.
The terminal has been built at a cost of USD 135 million in a world record time of 335 days of signing with actual construction of 179 days and the FSRU vessel is worth an additional USD 300 million. Engro won the contract to handle LNG at the most competitive rate in the region. In addition, the vessel has the capacity for regasification of up to 600 mmcfd which will have a major impact on solving the energy crisis in the country.
A Floating Storage and Re-gasification Unit (FSRU), leased to convert liquid natural gas (LNG) into natural gas, is ready to leave for Pakistan on March 7 from Dubai. “We have given March 7, the date to leave Dubai for Pakistan and expect a green signal from the authorities concerned to bring FSRU vessel to Pakistan”, Engro Elengy’s Chief Executive Officer, Shiekh Imranul Haque told the media on Saturday.
Engro Elengy, the company that won the contract to handle liquefied natural gas (LNG), has acquired this vessel on lease. It has built an LNG terminal, at Port Qasim for the purpose which is ready to receive shipments from March 10 onwards. “We are ready”, he said, adding “the vessel would start operation the moment it gets green signal from the authorities concerned of the government”.
Asian Development Bank (ADB) has agreed to finance the construction of Liquefied Natural Gas (LNG) Terminal at Port Qasim. An agreement to this affect will be signed with the government of Pakistan and Elengy Terminal Pakistan Limited (ETPL) soon.
Reliable sources said the ADB has agreed to favourably consider the request of ETPL for the construction of the Terminal.
The government of Pakistan will the guarantor for the loan. If the agreement is signed the LNG terminal would be completed by June 2015.
The project is primarily based on developing the required infrastructure so that LNG could be brought into the Natural Gas (NG) market, which witnessed phenomenal growth in the energy sector in Pakistan. In the first stage, the focus is on the fastest method to facilitate LNG flow into the NG pipeline network in Pakistan.
Source: Daily Times
Elengy given licence to build LNG terminal at Port Qasim
The Oil and Gas Regulatory Authority (Ogra) issued a licence to Elengy Terminal Pakistan Limited (ETPL) – a subsidiary of Engro Corporation – to construct a terminal at Port Qasim (PQ) for landing and re-gasification of liquefied natural gas (LNG) to be imported early next year.
The issuance of licence for construction and operation of the LNG terminal is one of the most critical stages towards import of about 500mmcfd (million cubic feet per day) LNG originally targeted for November 2014 by the PML-N government. The target has now been revised to April 2015.
Port Qasim to get strategic 150,000 tons wheat and grain storage facilities
The Sindh Food Department and Fauji Akber Portia Marine Terminals will establish strategic storage facilities for wheat and grain with a combined capacity of 150,000 tons at the Port Qasim South Western Industrial Zone, Express Tribune reports.
IFC inks investment deal to build $185mn terminal at Port Qasim
The International Finance Corporation (IFC) and the Pakistan International Bulk Terminal Limited (PIBT) on June 7, 2012
signed an investment agreement to construct the country’s first fully-automated multipurpose non-food dry bulk cargo
terminal at Port Qasim at a huge cost of $ 185 million. As per agreement, of the total investment the IFC would
contribute $ 19 million in the form of equity share and $ 26.5 million in debt.
Turkish Global Energy and PQA to sign pact for new LNG terminal
The News reported that Global Energy Holding, a Turkish company is all set to sign Implementation Agreement with Port Qasim Authority for the construction of an LNG terminal.
Mr Muhammad Shafi chairman PQA said that all the initial work of the LNG terminal has been completed. There would be three Floating Storage and Re gasification Units terminals at PQA.
Mr Shafi said that PQA will sign another IA with Engro Pakistan next week. Oil and Gas Regulatory Authority has issued three licences to set up Liquefied Natural Gas terminals at PQA. The licenses have been issued to Pakistan Gas Port, GEH and Engro.
He said that the government has instructed these firms to import LNG into the country on fast track basis in a bid to overcome the energy crisis. The government has also directed the ministries concerned to expedite the process of LNG imports. More to read at: www.steelguru.com...
Port Qasim dredging allows deep draught vessels to enter
Business Recorder reports that Port Qasim has become the first harbour in Pakistan to berth a new generation of deep draught vessels by deepening its channel to 13m draught.
MSC Catania was the first vessel to take advantage of the new draught at the port. The vessel arrived at Port Qasim on November 25th.
A dredging campaign at the port recently deepened the draught from 12m to 13m. A further deepening to 14m is planned next year. Source: www.sandandgravel...
Port Qasim Authority (PQA) safely berthed the largest container ship that has ever visited the country’s second largest port. According to a statement issued by the port operations division of the PQA, the container vessel, M.V Maersk UTAH, having a length overall (LoA) of 292 meters and 11.7 meters draught was berthed. “Since the start of night navigation facility at PQA in 2004, this vessel with largest LoA was berthed” at the Qasim International Container Terminal (QICT), the statement said. This historical achievement, it said, was due to immaculate planning of the port operations division, the ship agent and QICT (DP World).