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Vopak LNG and Engro Corporation plan to develop, build, own and operate a multifunctional onshore Liquified Natural Gas (LNG) storage and regasification terminal at Port Qasim, Karachi on a typical industry open access business model.
The project envisages regasification capacity of up to 1.2 billion cubic feet per day (BCFD) and storage capacity of up to 480,000 cubic meters (m3) with commencement of Commercial Operations in 2023.
Vopak LNG Holding B.V. is a group company of Royal Vopak. Vopak is the world’s leading independent tank storage company. Vopak operates a global network of terminals located at strategic locations along major trade routes. With a 400-year history and a strong focus on safety and sustainability, Vopak ensures efficient, safe and clean storage and handling of bulk liquid products and gases for its customers. Vopak LNG Holding B.V. owns and operates two onshore LNG terminals, the Gate terminal, in the port of Rotterdam in the Netherlands, and Altamira-TLA on the east coast of Mexico.
Engro Corporation (‘Engro’), one of Pakistan’s biggest conglomerates, has invested in a diverse range of businesses in the food & agriculture, energy & related infrastructure, petrochemicals and telecom infrastructure verticals. For 55 years, Engro has been committed to the vision of an empowered Pakistan. Every day, the 3,500-member Engro community devotes its skills to help solve some of today’s most pressing issues. While focusing efforts on instilling truth, trust, and the relentless pursuit of excellence to build character in its people and businesses, Engro aims to champion countless people to lead Pakistan’s progress into the future. Engro delivered Pakistan’s first Floating Storage and Regasification (FSRU) based LNG terminal in a record time of 330 days – one of the fastest in the world.
To be a long-term strategic asset and ensure gas supply security for the country for decades to come