$33mn Engro LNG terminal to be operative in 2009

KARACHI: The Engro’s $33 million LNG Terminal project is scheduled to be completed in early 2009.

The Engro Vopak Terminal Ltd (EVTL) already owns and operates a modern liquid chemicals and LPG terminal at the Port Bin Qasim.

In order to facilitate Pakistan’s growing chemical industry with its bulk liquid and gaseous product requirements, EVTL is actively leveraging its strengths in the pursuit of LNG terminal under patronisation of the federal government.

Engro sources told APP here Friday that a 223MW power project, which is estimated to cost $228 million, is also expected to be completed by the fourth quarter of 2009.

Engro Energy (Pvt) Limited was formed in February 2006 to pursue business in energy sector and identified a power project based on low BTU, high H2S gas from Qadirpur gas field. The project is unique as it would convert low BTU high sulphur content permeate gas, which is currently being wasted and flared, into much needed electric power by the country.

The sources pointed out that Engro has diversified its operations and invested in joint ventures/subsidiaries engaged in chemical terminal and storage, PVC resin manufacturing and marketing, control and automation businesses, food and energy sector. app

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