US-backed consortium proposes $4.4bn LNG project
⟶ A US-backed consortium has proposed a $4.4 billion LNG project. The project envisages four tanks holding 560,000 cubic meters in its first phase, located at Port Qasim.
• Proposal envisages four tanks holding 560,000 cubic metres at Port Qasim in first phase of the $4.4bn plan that also includes a 1,100km upcountry gas pipeline• Project would charge $4.93 per mmBtu for terminal and storage, $1.91 for transmission over first …
Background
The proposal includes a 1,100km upcountry gas pipeline.
Why it matters
The project aims to provide Liquefied Natural Gas (LNG) infrastructure. The pricing structure includes charges for terminal and storage, as well as transmission.
Possible impact
The project has a proposed cost of $4.4 billion.