Pakistan signs contract with Singapore firm for LNG supply.

Universal Gas Distribution Company (UGDC), set up by compressed natural gas (CNG) station operators, and leading Singapore-based commodity trading company Trafigura have inked a cooperation agreement for terminal capacity handling and supply of liquefied natural gas (LNG).

Trafigura has a long-standing presence in Pakistan as it owns excess capacity, which has not been contracted by Pakistan LNG Terminals Limited (PLTL), at the terminal of Pakistan GasPort Consortium (PGPC). Trafigura will use some of its capacity for LNG import and sell the gas to UGDC. Earlier, UGDC signed an LNG import deal with US energy giant ExxonMobil.

The fresh agreement was signed by UGDC CEO Ghiyas Abdullah Paracha and Trafigura Business Development and Origination - LNG and Gas Head Fadi Mitri.

A Petroleum Division spokesperson stated that currently two LNG regasification terminals were operational in the country. At the first terminal, Engro Elengy Terminal Private Limited (EETPL) is the operator whereas Sui Southern Gas Company (SSGC) is the...