Japan’s Mitsubishi Corporation is to set up a third LNG terminal in Pakistan following the country’s successful commissioning of two existing terminals and increased demand for LNG.
The announcement comes as the country’s demand for gas continues to grow. LNG imports are expected to climb fivefold to 30 million tonnes per year by 2022. Minister Shahid Khagan Abbasi apprised Ken Kobayashi, Chairman of Mitsubishi Corporation, that Pakistan has achieved significant economic stability.
“Mitsubishi is undertaking several joint ventures in Pakistan and is also setting up Pakistan’s 3rd LNG terminal,” a government statement said after the meeting between Prime Minister Shahid Khaqan Abbasi and a delegation of Mitsubishi Corporation and Diamond Gas International.
Pakistan currently has two LNG terminals in operation. They both have a combined regasification capacity of 1.2 billion cubic feet per day.
For more information, visit: www.mitsubishicorp.com
3rd Apr 2018