KARACHI, Dec 8: Pakistan is to set up an LNG import terminal at Karachi with an initial capacity of 2.5 mtpa equivalent of 300 mmcfd of natural gas. The project, with an estimated capital investment of $400 million, is set for completion in 2009. It will not only supplement indigenous supplies of gas but will also ensure sustained availability of natural gas, particularly to the industrial and power sectors.

This was stated by managing director Sui Southern Gas Company (SSGC) Munnawar Baseer Ahmed while giving a presentation at the CWC 6th World LNG Summit held in Rome from Nov 30 to Dec 1. The first gas landing is expected in fourth quarter of 2009.

Some of the world’s reputable companies engaged in exploration, refining, production, offshore and on-land terminals, shipping and transportation, fabrication of liquefaction and de-gasification facilities, LNG carrying vessels as well as financial and technical consultants participated in the two-day summit.

Many of the delegates visited the Pakistan stall in the exhibition area, says a press release.