US-backed consortium proposes $4.4bn LNG project for Pakistan
https://www.dawn.com/news/2041543
A coalition of US-backed private firms is pushing for a $4.4 billion integrated liquefied natural gas (LNG) project in Pakistan. The plan involves an LNG terminal, storage tanks, and a 1,100km pipeline to transport gas upcountry. The venture aims to establish a regional hub for US and Middle Eastern suppliers in South Asia. The proposed facility will have four 140,000 cubic metre tanks, offering a total static storage capacity of 560,000 cubic metres and handling approximately 35.6 billion cubic feet (BCF) of LNG annually.
The project will be financed through a 70:30 debt-to-equity ratio, with GVEP holding a 26% stake and other investors each owning 20%. The US sponsors consider Port Qasim's existing infrastructure and strategic location to be crucial factors in their decision.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
