Pakistan’s demand for liquefied natural gas (LNG) can triple in the next three to five years.
The above revelation has been made by the chief executive of Pakistan LNG Ltd. (PLL), Adnan Gilani. The PLL Managing Director and CEO said that the country’s LNG imports can increase as much as 15 million tons this year, which is more than double the last year’s LNG imports, i.e., 7 million tons.
LNG imports are likely to increase further in the coming years, by up to 25-30 million tons in the next three to five years.
PLL is a state-owned company that imports LNG from the international market and supplies it to the domestic consumers. Currently, the two existing LNG terminals of the country are almost fully utilized. The other two are anticipated to make a final investment decision this year.
Moreover, the two import terminals have a refill capacity of 1.2-1.3 billion cubic feet of gas per day or around 9-10 million tons of LNG a year. The government has recently ordered to set up a third LNG terminal at the Port Qasim area, but away from the existing two terminals to avoid congestion.