U.S.-Backed Consortium Proposes $4.4 Billion LNG Terminal in Pakistan

AI Summary

A U.S.-backed consortium is proposing a $4.4 billion LNG import and storage terminal in Pakistan as the country faces high gas import costs and disruptions to Qatari LNG flows. The integrated project would include LNG imports, storage, and regasification, with U.S. companies and international partners involved.

A group of U.S. companies is proposing to build and operate a $4.4-billion LNG import and storage terminal in Pakistan, local media reported on Monday, as Pakistan faces high gas import costs with disrupted Qatari LNG flows.  The companies, supported by the Trump Administration, include Global Vision Energy Partners (GVEP) and Khanjee Holdings, plus international strategic partners and Luxembourg-based General Mediterranean Holding, according to the reports. The integrated LNG project in Pakistan envisages imports, storage, re-gasification,…