Energas FSRU

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

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Energas FSRU, also known as Energas LNG Terminal, is a proposed LNG import terminal in Port Qasim, Pakistan.

Location

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Project Details

• Owner: Energas Terminal Pvt Ltd
• Parent company: Qasim Terminal Holding Co. (49%), Lucky Group, Sapphire Group, Halmore Power
• Location: Port Qasim, Pakistan
• Coordinates: 24.769704, 67.334731 (estimate)
• Capacity: 750 mmcfd (5.7 mtpa)
• Status: Proposed
• Type: Import
• Cost: US$140-160 million
  • Formerly US$180 million
• Start Year: 2022

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

Background

Energas has proposed to build an FSRU in Port Qasim, Pakistan. ExxonMobil pulled out of project in November 2020 but Energas continues to sponsor it.

In October 2021, Qasim Terminal Holding Co., a subsidiary of Qatar Energy, applied for clearance with Pakistan’s government to take a stake in Energas Terminal.

In May 2023, The News reported that Qatar's government had asked Pakistan to address issues delaying progress in developing Energas FSRU. Qatar's Qasim Terminal Holding Co. has a 49% stake in the project.

In September 2023, Profit reported that Pakistan was actively pursuing the revival of this terminal.

In June 2024, The Express Tribune reported that the government was planning to amend the Oil and Gas Regulatory Authority (Ogra) Act aimed at allowing the operator of Energas Terminal to have monopoly over capacity utilization, which would make this terminal a more attractive investment for Qatar.