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).
Port Qasim Authority completes port’s extension and upgrading
The Port Qasim Authority (PQA), which handles more than 38 percent of the sea borne trade of the country, has recently completed some of its projects of port’s extension and upgrading, Worldmaritimenews reports.
Port Qasim (PQ) has now become the deepest port in the country with deepening of the navigation channel to 13-meter draught, PQA Chairman Vice Admiral Muhammad Shafi said.
The port authority plans to increase the draught to 14-meters in the coming few months, he said.
The PQA undertook the dredging of the turning basin to accommodate larger vessels and to benefit from the economy of scales. The PQA is likely to complete the project by November, he said.
The project of deepening and widening of the navigation channel is crucial for PQA. The cost of maintenance dredging is Rs1.9 billion approximately and for capital dredging the cost is Rs2.8 billion, he said.
Shafi highlighted progress on some other development projects going on at the PQ. More at en.portnews.ru/ne...