Engro Elengy Terminal Limited (EETL) won the contract to handle liquefied natural gas (LNG) and thereafter acquired FSRU vessel on lease from a US-based company – Excelerate Energy. Engro Elengy Terminal Limited set up the first state of the art LNG terminal, at Port Qasim. The terminal was built in a world record time of 335 days with actual construction days of 179 days (September 02, 2014 to February 28, 2015). The terminal – which is also one of the most cost efficient terminals in the region – has the capacity for regasification of up to 600 mmcfd.
The LNG provided to the power sector through Engro’s terminal is expected to reduce the cost of electricity generation by 40% which will help boost productivity and growth across the nation.