Tabeer Energy FSRU

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Tabeer Energy FSRU is a proposed LNG import terminal in Port Qasim, Pakistan.[1]

Location

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Project Details

  • Owner: Tabeer Energy (Pvt) Ltd, Tabeer Energy Marketing (Pvt) Ltd[1][2]
  • Parent company: Bison Energy FZCO[2]
    • Formerly Mitsubishi Corporation[1]
  • Location: LNG Zone at Chhan Wadoo-Chara Creek, Port Qasim, Pakistan[1]
  • Coordinates: 24.72, 67.21 (estimate)
  • Capacity: 750 million cubic feet per day (5.7 mtpa)[1]
  • Status: Proposed[1]
  • Type: Import[1]
  • Cost: Over US$1 billion[3]
  • Start Year: 2023[4]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day; mmcfd = million cubic feet per day

Background

Mitsubishi's Tabeer Energy has proposed developing an FSRU in Port Qasim, Pakistan.[1] The company was granted a license to develop the terminal through the LNG Policy of 2011.[3] The availability of pipeline capacity to receive imported gas is in question, and has been one of the factors delaying a final investment decision (FID).[5]

Tabeer Energy is seeking to serve private sector customers and import gas without liability to the government. The terminal would be the first fully integrated terminal where LNG imports, re-gasification, and sales would be handled by a private sector company.

Construction of the project is expected to take 25 months.[3]

Pakistan's Oil & Gas Regulatory Authority (OGRA) granted a marketing license to Tabeer Energy in January 2021 for the resale of regasified liquefied natural gas (RLNG). The license is valid for 10 years.[3]

In September 2023, the Competition Commission of Pakistan greenlit the acquisition of Tabeer Energy Ltd by the UAE firm Bison Energy FZCO.[2]

Environmental and Social Impacts

The Indus Consortium has conducted an analysis of the 2018 Environmental and Social Impact Assessment (ESIA) conducted for Tabeer Energy. The organization noted that the EISA was undertaken as a compliance document and does not take a critical perspective on the issues likely to arise due to the construction of Tabeer Energy FSRU. The terminal is located on a diverse wetland; in a seismic zone with a possibility of moderate to major seismic hazards; and in a region with mangrove trees already damaged by anthropogenic activity. The ESIA considers emissions, but it is unclear whether these emissions are Scope 1, 2, and/or 3.

Finally, the Indus Consortium noted that the report does not include feedback from local communities. Nearby coastal communities, including the 400-year old fishing village Rehri, depend on the economic and ecological services provided by that natural ecosystem of mangrove forests and mudplains for their livelihoods and survival. These communities are already expecting to face more hardships in the future due to anthropogenic activities, including poor fish yields, increased pollution in the water, and displacement of mud and waste.[3]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Mitsubishi’s subsidiary plans to set up LNG terminal, Business Recorder, January 20, 2021
  2. 2.0 2.1 2.2 "Pakistan's competition commission approves UAE-based firm's acquisition of two LNG companies". Arab News. 2023-09-30. Retrieved 2023-10-03.
  3. 3.0 3.1 3.2 3.3 3.4 Indus Consortium. Tabeer LNG Terminal. Accessed December 2022.
  4. "Energas all set to start construction of $180 mln Pakistani LNG terminal — CEO". Arab News PK. 2021-01-20. Retrieved 2022-07-29.
  5. Recorder Report (2021-11-14). "Delay in setting up of merchant LNG terminals: Ogra identifies certain bottlenecks". Brecorder. Retrieved 2022-07-29.

Related GEM.wiki articles

External resources

External articles