LNG supply disruptions: PGPC extends support to govt

ISLAMABAD: Pakistan GasPort Consortium Limited (PGPC) has agreed to extend commercial support to the government of Pakistan in view of recent disruptions affecting LNG movement in the region.

“PGPC has made this accommodation in the larger national interest in response to the Government’s request,” said a spokesman for the company.

“This cooperative measure is consistent with PGPC’s role as owner and operator of the country’s largest LNG terminal, which is also one of the most operationally efficient LNG facilities in the region.”

Since commencing operations in January 2018, the PGPC terminal has handled 367 LNG cargoes, and consistently delivered high operational efficiency, low fuel retainage, and reliable performance. It operates at one of the most competitive tolling tariffs globally.

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The project involves USD500 million in investment across terminal, marine, storage and regasification and allied infrastructure by PGPC, BW Group, and Fauji Oil Terminal & Distribution Company Limited.

The terminal utilizes BW Integrity, a high-efficiency Floating Storage and Regasification Unit with storage capacity of 170,000 cubic meters and peak regasification capacity of up to 750mmscfd, of which 600mmscfd is contracted by state-owned Pakistan LNG Limited (PLL). The FSRU was purpose-built by Samsung Heavy Industries and is owned by Norway’s BW Group and Japan’s Mitsui & Co.

PGPC has played a critical role in Pakistan’s energy security architecture by supporting RLNG-based power generation, reducing dependence on more expensive liquid fuels, and strengthening reliability across the national gas and electricity systems.

“This contribution reflects PGPC’s continued commitment to constructive engagement with all stakeholders and to the continued provision of safe, efficient, and dependable energy infrastructure for Pakistan,” said the spokesman.

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