Latest news and updates: - GKBTA,com Gas import: ECC approves another LNG terminal: Islamabad: In a strategic move, the government has decided to construct a liquefied natural gas (LNG) terminal at Gwadar that is likely to be financed by China and a dual-purpose pipeline to cater to the needs of LNG and natural gas import from Iran. The Economic Coordination Committee (ECC) of the cabinet, in a meeting held here on Thursday with Finance Minister Ishaq Dar in the chair, gave the go-ahead to the Gwadar-Nawabshah LNG terminal and pipeline project, according to a press release issued by the Ministry of Finance. Though the government has not yet disclosed the cost of the project, it is estimated that it will need a minimum capital injection of $3 billion. Under the plan, a pipeline network spread over 711 kilometres will be laid from Gwadar to Nawabshah. The diameter of the pipeline will be 42 inches, the same as that specified for the Iran-Pakistan (IP) gas pipeline. Source of information: tribune.pk/story/770569/gas-import-ecc-approves-another-lng-terminal/
Posted on: Fri, 03 Oct 2014 09:03:38 +0000
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