Wednesday, March 3, 2021
Home Uncategorized ExxonMobil scraps project to build LNG terminal in Pakistan

ExxonMobil scraps project to build LNG terminal in Pakistan

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© Reuters
South Korea to start LNG supplies to energy-hungry Pakistan

Currently, two LNG terminals in Pakistan with a total capacity of 1.3 billion cubic feet per day (bcfd) are handling imports to meet domestic needs. However, the nation needs more LNG terminals to meet its rising demand for gas. 

According to the government’s estimates, it will need to import three bcfd of gas per day in the coming years. It said local gas production was depleting fast, at a pace of six percent per year, and it has thus opened LNG imports to the private sector.

For more stories on economy & finance visit RT’s business section

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