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Gwadar Port: government mulling constructing LNG terminal

The government is considering constructing a Liquefied Natural Gas (LNG) terminal at Gwadar Port in a bid to enhance the capacity for the storage of LNG in the country with the objective of replacing imports of the more expensive Furnace Oil (FO), it is learnt.
According to sources privy to the developments, there is no possibility of the completion of Iran-Pakistan (IP) or Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline projects in the foreseeable future, while local gas reserves are gradually depleting. As a result Pakistan would be compelled to enhance dependence on the imported FO to produce power. However, the government has opted to enhance reliance on the relatively cheaper LNG.
For this purpose, top government officials have decided to build a LNG terminal at Gwadar Port, for which modalities are being finalised and would soon be announced. If the government constructs an LNG terminal in Gwadar with a total capacity of 1 BCFD of LNG it would cost $1 billion.

via Gwadar Port: government mulling constructing LNG terminal | Business Recorder.