Engro awaits govt's approval to build second LNG terminal

Engro awaits govt’s approval to build second LNG terminal
Business
January 14, 2021
KARACHI: Pakistani conglomerate Engro Corp is awaiting government’s nod to bring in liquefied natural gas (LNG) floating storage regasification unit (FSRU) that has already been acquired last year, people familiar with the matter said on Wednesday.
Engro Elengy Terminal (EETL) and its partner Excelerate have secured a larger and more technologically-advanced FSRU, Excelerate Sequoia, which is expected to arrive at Port Qasim shortly after all regulatory and Sui Southern Gas Company’s (SSGC) approvals, they said.
Ghias Khan, president and CEO of Engro Corporation, said Engro pioneered investment in Pakistan’s LNG terminal sector to help solve one of our most pressing issues of energy shortages.

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