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Private firms setting up LNG terminals seek waivers Have sought guarantees and exemption from regulatory approvals PHOTO: AFP ISLAMABAD: As the private sector is engaged in setting up liquefied natural gas (LNG) terminals, it has sought guarantees and waivers from some obligations and regulatory approvals. Interestingly, the existing LNG terminals have plans to replace the Floating Storage and Regasification Unit (FSRU) without financial risk for the government but the maritime affairs minister opposes the plan. The government has allowed five parties in the private sector to set up more LNG terminals. However, it has made it clear that it will not bear any financial risk, which it faces in the case of existing terminals.

Port qasimPetroleum divisionTabeer energySui southern gas companyFinancial action task forceTabeer energy private limitedCompetition commission of pakistanSui northern gas pipelines limitedExchange commission of pakistanPort qasim authorityFloating storageRegasification unitEnergy private limitedJapan marine scienceCompetition commissionState bank