LNG imports have reduced Pakistan's gas shortage by 25 percent

Lahore [Pakistan], Aug.1 (ANI): Pakistan has imported 6.1 million tonnes of liquified natuaral gas (LNG) over the past 28 months, and this has gone a long way in reducing the nation's gas shortage by about 25 percent, a statement issued by the Petroleum and Natural Resources Ministry said Tuesday.

According to the Dawn,LNG was imported through the country's only LNG terminal at Port Qasim, which is operated by Engro.

The ministry statement said that the terminal has handled 94 LNG cargo ships in the last 28 months and re-gasified approximately 284.7 billion cubic feet of gas into the national distribution network.

Pakistan currently has a gas shortage of around 2.5 billion cubic feet per day.

According to an official of the Ministry of Petroleum and Natural Resources, Pakistan has saved approximately USD 1.7 billion by importing LNG, which is cheaper than furnace oil.

Commissioned on March 28, 2015, the Port Qasim terminal has the capacity to re-gasify 600-630 million standard cubic feet per day.

The terminal continues to receive a monthly average of six consignments.

Port Muhammad Bin Qasim , also known as Port Qasim, is a deep-water seaport in Karachi, Sindh, and is located on the coastline of the Arabian Sea. It is Pakistan's second busiest port, handling about 35 percent of the nation's cargo (17 million tons per annum). Port Qasim and Karachi Port, the busiest port of country, together handle more than 90 percent of all external trade of Pakistan.

The port is spread across 12,000 acres or 49 square kilometers, wherein many industrial zones operate.(ANI)

This story has not been edited. It has been published as provided by ANI