KARACHI: Karachi Port Trust joins hands with Pakistan Railways and private entities M/s LNG Easy (Pvt) Limited and Metrogas (Pvt) Limited signs Memorandum of Understanding (agreement) for the development of virtual pipeline facility.
M/s LNG Easy Singapore is already in this business and is successfully operating similar projects in China, Malaysia, Myanmar and Vietnam. The ceremony was well attended by Senior management officials of KPT, Pakistan Railways and LNG Easy.
Tripartite MoU was signed amongst KPT, LNG Easy (Pvt) Limited, and Pakistan Railways on Thursday. The signing of agreement has taken place between Chairman KPT Rear Admiral Jamil Akhtar (retd), Chairman Pakistan Railways Habib-ur-Rehman Gilani and CEO LNG Easy (Pvt) Limited Yasir Hamid and Owais Mir of Metrogas during the august ceremony.
KPT will allocate suitable berths for this purpose and arrangements are underway for the transportation of ISO tanks to up-country through Pakistan Railways which will further enhance the revenue stream for both KPT and Railways. The process involves transfer of LNG from ships to ISO tanks through a Mobile Filling Platform (MFP) and thereafter to their respective destinations. LNG Easy and Metrogas will re-gasify the LNG at end-user premises and will also provide gas storage units.
Minister for Maritime Affairs Ali Haider Zaidi and Minister for Railways Sheikh Rasheed had agreed in principle in 2019 to work together on this project during a meeting held at KPT. Chairman KPT spearheaded the project and facilitated the same through coordination with all the concerned stakeholders.-PR
Copyright Business Recorder, 2020