Trafigura to develop second Pakistan LNG import project

Trafigura logo is pictured in the company entrance in Geneva March 11, 2012.  REUTERS/Denis Balibouse

Swiss commodity trader Trafigura said it plans to develop its second liquefied natural gas (LNG) import terminal in Pakistan, alongside an existing project in which it has a minority stake.

At a inauguration ceremony for Pakistan’s second LNG import project, Pakistan GasPort Ltd (PGPL), in Port Qasim in Karachi, the trader said it would add a jetty, berth and a second floating storage and regasification unit (FSRU) to the existing facility.

Trafigura expects to benefit from lower development costs by taking advantage of existing infrastructure at the site. The joint venture with PGPL will sell gas to private sector customers.

It did not given any other details.

[reuters]

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