Conversion of LNG
The facility consists of an LNG jetty including a 6 km high pressure gas pipeline. This pipeline is connected to the grid of EETPL’s sole customer, Sui Southern Gas Company Ltd, a government owned entity of Pakistan. EETPL holds a 15-year Floating Storage and Regasification Unit (FSRU) time charter.
The liquefied gas is supplied, under long-term contracts, via LNG carriers from various exporting countries to the FSRU, which is moored to the EETPL jetty and connected to its pipeline. The regasification takes place on the FSRU and the gas is transferred to the mainland where, under high pressure, it enters the grid of the customer.
Operating at one of the highest utilization rates in the world, the Engro Elengy Terminal Private Limited continues to provide savings of between USD 0.75 billion to USD 1 billion to the national exchequer through import substitution of expensive furnace oil.
Moreover, the assurance of LNG import has kicked off a fast-growing LNG ecosystem and transitive economic activity across Pakistan while uninterrupted gas provisioning has also contributed significantly to the revival of the fertilizer and the textile industries resulting in substantial increase in national production.