PAK: Engro Fast-Track Liquefied Natural Gas Regasification Project – Request for Government of Pakistan’s No-objection
On 12th March, 2015, the Secretary, Economic Affairs Division (EAD) has signed the No-objection Certificate for PAK: Engro Fast-Track Liquefied Natural Gas Regasification Project.
Asian Development Bank (ADB) shall provide the financing for Pakistan’s first Liquefied Natural Gas (LNG) regasification terminal that to be developed by Engro Elengy Terminal (Private) Limited. ADB shall provide a non-sovereign loan upto US$ 30 million to the Project.
The objective of the financing is to mitigate the energy crisis and it shall support the energy security measures being undertaken by the Government of Pakistan.