Daewoo Gas LNG Terminal
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Daewoo Gas LNG Terminal is a LNG import terminal proposed in Balochistan Province, Pakistan.
The terminal is proposed for Gwadar Port, Balochistan province.
- Owner: Daewoo Gas
- Parent: Asiapak Investments
- Location: Gwadar Port, Balochistan province, Pakistan
- Coordinates: 25.1106, 62.3396 (exact)
- Proposed Capacity: 3.65 mtpa
- Cost: 2.3 billion USD
- Status: Proposed
- Type: Import
- Start Year:
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
On April 20, 2015, China's National Energy Administration and Pakistan's Ministry of Petroleum & Natural Resources signed a framework agreement for the Daewoo Gas LNG Terminal, at the time known as the Gwadar-Nawabshah LNG Terminal and pipeline project. The government awarded the project to China Petroleum Pipeline Bureau on a build-own-operate (BOO) basis in October 2016; under the arrangement, China will provide 85% of financing whereas Pakistan will contribute 15% of equity. The April 2015 agreement was originally valid for one year and its term expired on April 19, 2016. Pakistan and China, however, agreed to extend it for one more year until April 19, 2017.
In June 2017 it was reported that the Pakistani government had abandoned the US$2 billion Gwadar-Nawabshah gas pipeline and terminal. The government did so after pressure from the US and Saudi Arabia to drop the project, as Pakistan hoped to to lay an additional 80-100 km of pipeline from the project to the Iranian border once US sanctions on Iran were dropped.
In August 2018 it was reported that the project would be revived by Pakistan's new government, led by the Pakistan Tehreek-e-Insaf (PTI).
In April 2022, it was reported that Daewoo Gas would be building an LNG terminal at Gwadar Port that would be able to import 10,000 tons of LNG per day (3.65 mtpa). The terminal would provide LNG to customers by truck.
Articles and resources
- ↑ 1.0 1.1 1.2 1.3 "China's CNCEC to build Pakistan LNG terminal". LNG Prime. 2022-04-28. Retrieved 2022-06-16.
- ↑ "Gwadar-Nawabshah LNG terminal project to be revived - Zameen News". Pakistan Real Estate News & Pakistan Property News & Latest Updates - Zameen News. Retrieved 2022-07-26.
- ↑ "LNG supply: Gwadar terminal, pipeline project stuck on paper," The Express Tribune, Feb 14, 2017
- ↑ "Gwadar-Nawabshah Pipeline: US-Saudi nexus," Business Recorder, June 20, 2017
- ↑ Gwadar-Nawabshah LNG terminal project to be revived, Zameen News, Aug. 12, 2018