Bloomberg reported that Pakistan will start building a 1,100 kilometer pipeline in July with Russia that will allow the South Asian nation to operate more liquefied natural gas terminals. The South Asian nation will have a majority share of 51% to 74% in the project, while Russia will own the remainder. Pakistan’s gas distribution companies Sui Southern Gas Co. and Sui Northern Gas Pipelines Ltd., which have started acquiring land for the pipeline, will be a part of the project, while a Russian consortium will lead construction.
Pakistan has become one of the top emerging markets for the super-chilled fuel in recent years as domestic gas production has plateaued, forcing the nation to import cargoes. The nation has also auctioned a record 20 oil and gas blocks to encourage exploration activity, with bids expected by mid-January, said Babar.
Pakistan, which imported its first cargo five years ago, currently has two LNG terminals. Two more LNG terminals, Energas and Mitsubishi’s Tabeer Energy, are expected to start in the next few years.