New pipeline plans with Russian assistance
Pakistan's gas distribution companies Sui Southern Gas and Sui Northern Gas Pipelines, which have started acquiring land for the pipeline, will be a part of the project, while a Russian consortium will lead construction.
Pakistan has become one of the top emerging markets for the fuel in recent years as domestic gas production has plateaued, forcing the nation to import cargoes. The nation has also auctioned a record 20 oil and gas blocks to encourage exploration activity, with bids expected by mid-January.
Pakistan, which imported its first cargo five years ago, currently has two LNG terminals, Bloomberg reported. Two more LNG terminals, Energas and Mitsubishi's Tabeer Energy, are expected to start in the next few years.
The nation has also decided that it will only import cleaner Euro-5 diesel from January after doing the same for gasoline earlier this year. Besides imports, Pakistan also plans to add 150 million cubic feet a day of domestic gas output this month, including 50 mmcfd from the Mari gas field.