Country imported 129,092,714 mmbtu LNG in nine months


ISLAMABAD, June 5 (APP): Pakistan imported 129,092,714 mmbtu
Liquefied Natural Gas (LNG) in first three quarters of the current fiscal year to meet its growing energy needs.
“From July to March, the LNG import remained 129,092,714 mmbtu
as compared to 62,373,272 mmbtu of last year during the same period,” official sources told APP.
Answering a question, they informed that as many as 83 LNG cargoes
have arrived in Pakistan since March 2015, which were handled by the
country’s only re-gassification terminal at the Port Qasim in Karachi.
While, the government is in process of setting up second LNG
terminal, which is expected to complete by March 2018.
“The LNG is being imported by the Pakistan State Oil under
competitive bidding and through short and long term contracts, while more LNG terminals will be set up to enhance Pakistan’s LNG import capability,” the sources said.
Nowadays, they said, LNG was the essential part of the energy mix
needs of the world’s emerging economies like China, Korea, Japan, India, Thailand, Indonesia, European Union, and Brazil.
They said Japan was importing 80 million tonnes of LNG every year
(MTPA) and India 15 MTPA due to the commodity’s cheap price and
efficiency as compared to other fuels.
In 2015, the sources said, Pakistan signed a 15 year agreement with
Qatar to import up to 3.75 million tonnes of LNG a year, which was being highly appreciated by the business community.
The country’s total gas production is around 4bcfd (billion cubic feet
per day) against the demand of 8 bcfd, showing a demand-supply gap of four bcfd.