On 2 November, Dawn reported that a consortium was proposing an integrated LNG import, storage, regasification, transmission and merchant sales project in Pakistan, with a projected cost of up to $4.4 billion. The report describes a proposal. It does not report that a final investment decision has been reached or construction has started.
What does the proposal include?
Dawn reported that the proposed first phase would cost an estimated $1.7 billion and include an LNG terminal and four storage tanks. A second phase would add a gas pipeline of about 1,100 kilometres. These are reported plans, not completed facilities.
Dawn named Global Vision Energy Partners, Khanjee Holdings and General Mediterranean Holding among the consortium members, along with strategic co-investors. It described the proposed venture as a merchant project serving domestic gas consumers and international suppliers. The report did not establish that the named potential investors had committed funds.
Has the project received approval or funding?
Dawn reported that the sponsors had applied to OGRA for a provisional licence and had reportedly secured Port Qasim Authority consent for a proposed site. The application and site-consent documents were not available for this review, so the report does not establish that a licence or final project approval has been granted.
Dawn also reported that the project had been approved for consideration under a US Trade and Development Agency project-preparation programme. Possible financing from the US Development Finance Corporation and possible export-credit guarantees from the US Export-Import Bank are not confirmed funding commitments. Dawn reported that no binding equity commitments had been confirmed at publication time.
Does Pakistan already have LNG storage?
Port Qasim Authority lists operating LNG terminals that use floating storage and regasification units. It is therefore too broad to say that Pakistan has no LNG storage. The four tanks in the reported proposal would be an addition to existing floating storage.
Are tariffs final, and is this the Energas project?
Dawn reported that proposed domestic regasification tariffs would be submitted to OGRA for approval. The available evidence does not establish final tariffs or a change in consumer prices. OGRA says its LNG department processes licences for LNG terminal construction and operation; its page does not confirm this application.
The proposal is separate from Energas’s earlier Port Qasim terminal plan. Dawn reported that Energas said it had abandoned that plan, while PQA set a 30 November 2026 deadline for unconditional acceptance of Energas’s final letter of intent. That separate deadline does not confirm the status of the new consortium’s proposal.
