BEIJING
\nThe Fourth Construction Co Ltd (FCC) of China National Chemical Engineering Group Corporation (CNCEC) has signed an EPCF contract with Daewoo Gas to set up a new LNG terminal in Pakistan.
\nWith a nameplate capacity of 2.5 million tons per annum (mtpa) of LNG, this project will consist of the ports, storage tanks, a distribution center and regas trains in the long run, China Economic Net reported.
\nThe terminal will possibly be operated on the coast of Arabian Sea, south of Pakistan, according to Shahid Karim, CEO of Daewoo Gas. \u201cThis terminal is for liquid sales with the adoption of Virtual Pipeline System Technique,\u201d said Zhou Hong,
\nGeneral Manager of CNCEC-FCC.<\/p>\n
Addressing the virtual signing ceremony, Karim said, \u201cWe hope that with the commencement of this project Daewoo Gas will not only help meet the energy needs of Pakistan, but also contribute towards upgrading the natural gas industry in the country with its innovative technology.\u201d<\/p>\n
Upon completion, this terminal will handle 10,000 metric tons of LNG per day at its peak, which will improve Pakistan\u2019s energy supply, according to Daewoo Gas.<\/p>\n
Zhou said \u201cUnder the framework of the China-Pakistan Economic Corridor (CPEC), this project will not only effectively fill Pakistan\u2019s energy gap, but also meet its demand for clean energy, energy conservation and emission reduction.\u201d<\/p>\n
\u201cIt is worth noting that the project will provide a comprehensive clean energy solution with higher efficiency, lower emissions and prices for both goods transportation and industrial power generation in Pakistan,\u201d Zhou added.<\/p>\n
In addition, the Daewoo Gas LNG terminal project will create an estimated 2,000 to 4,000 job opportunities for locals. These include posts for management, operation, maintenance support, marketing, logistics and transportation.<\/p>\n
Zhou said, \u201cThis large project represents the ideals of CPEC industrial cooperation and technology transfer between China and Pakistan, and will further strengthen the traditional China-Pakistan friendship.\u201d<\/p>\n
It is learnt that CNCEC has established an office at Karachi and FCC is planning to set up a branch in Pakistan in the future. TLTP<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING The Fourth Construction Co Ltd (FCC) of China National Chemical Engineering Group Corporation (CNCEC) has signed an EPCF contract with Daewoo Gas to set up a new LNG terminal in Pakistan. With a nameplate capacity of 2.5 million tons per annum (mtpa) of LNG, this project will consist of the ports, storage tanks, a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-257713","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n