Asian Development Bank (ADB) has agreed to finance the construction of Liquefied Natural Gas (LNG) Terminal at Port Qasim. An agreement to this affect will be signed with the government of Pakistan and Elengy Terminal Pakistan Limited (ETPL) soon.
Reliable sources said the ADB has agreed to favourably consider the request of ETPL for the construction of the Terminal.
The government of Pakistan will the guarantor for the loan. If the agreement is signed the LNG terminal would be completed by June 2015.
The project is primarily based on developing the required infrastructure so that LNG could be brought into the Natural Gas (NG) market, which witnessed phenomenal growth in the energy sector in Pakistan. In the first stage, the focus is on the fastest method to facilitate LNG flow into the NG pipeline network in Pakistan.
http://www.hellenicshippingnews.com/adb-agrees-to-finance-lng-terminal-at-port-qasim/
