Port News of the port of Qasim
Major port

261 days ago by arnekiel

‘Port Qasim set to become energy hub’
Port Qasim is set to become country’s energy hub with the addition of three more Liquid Natural Gas (LNG) terminals, said Port Qasim Authority (PQA) Chairman Agha Jan Akhtar in a conversation with Dawn. These terminals would be in addition to the existing three terminals that are either already functional or are about to become operative in the near future, he added. Mr Jan disclosed that a consortium, comprising Lucky Group, Sapphire and Hallmore, is keen on setting up an LNG terminal at PQA. And another consortium – Engro along with Fatima group and Shell – is also interested in setting up a terminal, he added. Both consortia are expected to set-up Floating Ship Re-gasification Unit (FRSU) with a capacity of 600 million standard cubic feet per day (mscfd), he maintained. The third is a possibility that a consortium of Pakistan GasPort Consortium Limited (PGLP) and Fauji Foundation will set up another LNG terminal at Port Qasim while its first terminal with a capacity of 600mscfd is expected to start operations from November this year, he added. All groups will import and market LNG on their own as there is no tolling agreement with the government. However, they would be using the national grid system of Sui Southern and Northern gas pipelines, the PQA chairman added. Source: Dawn

266 days ago by arnekiel

Excelerate Energy Performs 100th STS Transfer of LNG at Engro Elengy Terminal Pakistan
On August 25, 2017, Excelerate Energy Development DMCC (Excelerate) performed the 100th ship-to-ship (STS) transfer of LNG at the Engro Elengy Terminal (EETL) located in Port Qasim, Pakistan. With this milestone, Excelerate’s floating storage and regasification unit (FSRU), Exquisite, has transferred more than 14 million cubic meters of LNG at EETL and has discharged over 320 million MMBTU of natural gas into the Sui Southern Gas Company’s natural gas pipeline system. Last month, the Exquisite celebrated another milestone by receiving the 100th cargo of LNG ever imported into Pakistan on July 25, 2017. Situated in a channel of the Indus River east of Karachi, EETL is Pakistan’s first LNG import terminal and was built to alleviate energy shortages in the country. Since its commissioning in March of 2015, EETL has been able to reduce the power deficit of the country by around 20 percent.

296 days ago by arnekiel

Govt plans two more LNG terminals at Port Qasim
After shelving the Gwadar LNG pipeline and terminal project, the government has planned to set up two more liquefied natural gas (LNG) terminals with the help of private-sector investors at Port Qasim with handling and processing capacity of 1.6 billion cubic feet per day (bcfd). The Port Qasim, located in Karachi, is already congested and two more LNG terminals may aggravate the problem. However, the Gwadar port in Balochistan requires an LNG terminal as economic and industrial zones are being developed there under the China-Pakistan Economic Corridor (CPEC) project, which will require uninterrupted energy supply, officials say. How these zones will be fed energy is a big question as the government has put the LNG terminal plan on the back burner. Though Balochistan is rich in gas deposits, exploration activities have been quite slow because of poor law and order situation. www.hellenicshipp...

380 days ago by arnekiel

Pakistan Opens ‘State-of-the-Art’ Bulk Terminal
Port Qasim in Pakistan has inaugurated its first state-of-the-art coal, clinker and cement bulk terminal with the visit of a bulk carrier, according to Pakistan Daily Times. Bulk carrier African Finfoot became the inaugural vessel to call at the terminal on the weekend of April 29-30, 2017. The second vessel, named Iris Oldendorff, visited the terminal on May 2, 2017, African Finfoot was transporting 41,510 metric tons of coal for importer and exporter Awan Trading. Pakistan International Bulk Terminal Limited (PIBTL), with a 62-acre storage yard, is capable of handling 12 million tons of cargo per annum. https://www.porttechnolog...

523 days ago by arnekiel

Höegh LNG: Signed 20 year FSRU charter agreement in Pakistan
Höegh LNG Holdings Ltd. on Dec. 16 announced that Höegh LNG on 15 December 2016 signed an FSRU contract with Global Energy Infrastructure Limited (“GEIL”) for GEIL’s LNG import project in Port Qasim near Karachi, Pakistan. The project is the first private LNG import terminal in Pakistan and will be located at the LNG zone in Port Qasim. On 29 September 2016, GEIL signed a long-term LNG supply agreement with Qatargas. The charter is for a period of 20 years with two five year extension options for charterer and is expected to generate an average annual EBITDA of around USD 36 million. The contract is subject to both parties’ board approval. The construction of the terminal is planned to commence early 2017 and expected start-up is second quarter of 2018. The FSRU will be provided from Höegh LNG’s portfolio of FSRUs, including units under construction, the planned conversion FSRU or from new FSRU’s on order.

574 days ago by arnekiel

‘Deep Water Container Port to start working this year’
The Senate Standing Committee on Ports and Shipping was given detailed briefing on the functions and organizational structure of Port Qasim Authority besides the status and progress of deep sea berth in Karachi Port Trust. According to press release, the committee met Monday and was presided over by its Chairman Senator Muhammad Ali Khan Saif. KPT was informed that operational hurdles have been removed and the Deep Water Container Port would be operational by the end of this year. The committee was given a detailed briefing on the appointments and promotions made by PQA during last five years. The committee was surprised that no appointment on any vacancy has been made from Khyber-Pakhtunkhwa and Balochistan. Officials stated that proper rules have been formulated for recruitment now. PQA has earned a net profit of Rs 4321.707 million. It has handled 47 LNG vessels. The committee was also briefed about the second LNG project. Regarding allotment of plots during last three years, the PQA informed that a 40 acres plot has been allotted to Ms. Pak Suzuki Motors for automobile industry, a 13.18 acres plot to Ms Engro LNG terminal for construction of LNG terminal and a 200 acres land allotted to Ms Port Qasim Electric Power for construction of power plant. The meeting was attended by Senators Naseema Ehsan, Agha Shahbaz Durrani and Taj Haider. Secretary of the ministry and senior officers of PQA and KPT were also present at the meeting. Source: The News

631 days ago by arnekiel

Bulk terminal’s commissioning due in December
The $255 million Pakistan International Bulk Terminal (PIBT) is all set to become operational by the end of this year at Port Qasim, according to PIBT Chief Executive Officer Sharique A. Siddiqui. PIBT is under construction at the country’s second largest seaport with Marine Group of Companies, International Finance Corporation-Member of World Bank group, OPEC Fund for International Development and a local banking syndicate holding, respectively, 51, 20 and 29 percent of its shares. The operators have targeted January 2017 as a deadline for commercial operationality of the country’s first multipurpose dirty bulk cargo handling facility. www.hellenicshipp...

713 days ago by arnekiel

Pakistan GasPort Plans LNG Terminal now with Double Capacity
Pakistan GasPort Ltd., which won a government contract to build the country’s second liquefied natural gas terminal, plans to list the project in two years and double capacity, taking advantage of a global glut, according to Chief Executive Officer Iqbal Ahmed. The terminal which costs $135 million will initially handle 600 million cubic feet a day at Karachi’s Port Qasim, said Ahmed. GasPort plans to add another terminal to double capacity by 2018 and will be followed by the construction of a 500 megawatt power plant. GasPort was awarded the contract by the state-owned Pakistan LNG Terminals Ltd. after offering the lowest bid, Petroleum Minister Shahid Khaqan Abbasi, said by phone on Wednesday. www.hellenicshipp...

724 days ago by arnekiel

LoI issued for second LNG terminal at Port Qasim
The government has issued Letter of Intent (LoI) to award the contract for setting up second Liquefied Natural Gas (LNG) terminal at Port Qasim in Karachi. As per details, the Board of Directors of Pakistan LNG Terminals Limited (PLTL) in its meeting held on May 6 approved a financial bid submitted by Pakistan GasPort Limited (Consortium) which includes Fauji Oil Terminal and Distribution Company Limited (FOTCO) which offered a levelized (service) charge of $0.4177 per MMbtu for handling of 600 Million Cubic Feet per Day (MMCFD) of LNG at the terminal.

1.138 days ago by arnekiel

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...

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