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Report: Pakistan's efforts to boost LNG imports draw interest from supermajors

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Report: Pakistan's efforts to boost LNG imports draw interest from supermajors

Pakistan is expected to triple its LNG import capacity after the government gave its approval to build five liquefied natural gas terminals, which will be developed by five groups that include Exxon Mobil Corp. and Royal Dutch Shell PLC, according to a Sept. 20 report from Reuters, citing Pakistan's minister of petroleum and power Omar Ayub Khan.

The groups are Exxon and Energas Terminal Pvt. Ltd.; Shell and Engro Corp. Ltd.; Mitsubishi Corp. subsidiary Tabeer Energy Pvt. Ltd.; Trafigura Group Pte. Ltd. and Pakistan Gasport Ltd; and Gunvor Group Ltd. and Fatima Fertilizer Co. Ltd, according to the report.

The terminals could start operations within two to three years and would help relieve gas supply shortages for power generation and manufacturers such as fertilizer makers, Reuters reported.

Pakistan currently has an LNG capacity of 1.2 billion cubic feet per day at two terminals and will increase by another 600 million cubic feet per day when another terminal begins operations as scheduled in 2020, the report said.

No details were provided on whether the companies have made a final investment decision on the terminals, Reuters reported.