Pakistan seeks proposals to import 500 million cfd LNG

Pakistan has invited expressions of interests from foreign and domestic companies for the supply of 500 million cubic feet per day (cfd) of liquefied natural gas (LNG) for up to 10 years to feed its crumbling power sector, officials said on Thursday. The government has set a deadline of June 27 for the submission of expression of interests with an aim the supply must be started in the first or second quarter of 2012.
"Anybody can come. He can bring LNG. We will just put their gas into our system for their buyers," Secretary Ministry of Petroleum Mohammad Ejaz Chaudhry told Reuters. "It is an open field for anyone who has buyers." Chaudhry said a winning company would itself set up a terminal in Pakistan for re-gasification of LNG and the government would determine the price of the gas through its Oil and Gas Regulatory Authority. "The government is not providing any guarantees. It is just facilitating," he said.