LNG Easy Floating LNG Terminal

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LNG Easy Floating LNG Terminal is a liquefied natural gas (LNG) import terminal proposed in Pakistan.

Location

The terminal is proposed to be located at the Port of Karachi, Pakistan.

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Project details

• Operator:

• Owner: LNG Easy, Punjab Group

• Parent company: LNGe, Punjab Group

• Vessel:

• Vessel operator:

• Vessel owner:

• Vessel parent company:

• Location: Port of Karachi, Pakistan

• Coordinates: 24.834334, 66.977824 (approximate)

• Capacity: 1 mtpa

• Status: Proposed

• Type: Import

• Start year: 2022 (delayed)

• Cost:

• Financing: The joint venture has set aside US$100 million for upfront infrastructure, including LNG Easy’s plug-and-play Mobile Filling Platform import solution

• FID status:

• Associated infrastructure:

Background

A joint venture formed by Punjab Group and LNG Easy have proposed to build an LNG import terminal at the Port of Karachi in Karachi, Pakistan. LNG Easy is a Singapore-based LNG retailer and distributor and Punjab Group is one of the largest private education providers in Pakistan. The LNG import was originally planned to come online in 2022, and reportedly could import 500,000 million tonnes in 2023. The full capacity of the facility would be 1 mtpa. According to LNG Easy's CEO He Yiyong, “LNG will be trucked in ISO tanks or road tankers to satellite stations to be set up in Islamabad, Karachi and Lahore, with railway transport to come at a later stage.” The joint venture has set aside US$100 million for upfront infrastructure, including LNG Easy’s plug-and-play Mobile Filling Pontoon import solution.

In 2021, LNG Easy was awarded a provisional license by the Oil and Gas Regulatory Authority (OGRA) for the supply of trucked LNG to off-grid consumers in Islamabad, Lahore and Karachi. In September 2022, the consortium of Punjab Group and LNG Easy submitted an application to OGRA for a construction/operation license.

In June 2023, OGRA conducted a public hearing to discuss the grant of a construction license for a virtual LNG pipeline to this JV.

In a March 2024 briefing by IEEFA, the project is still mentioned as proposed but there are no additional development updates mentioned at this time.