A consortium of two companies from the UAE and China is interested in investing up to $500 million in the construction of two LNG projects in Pakistan, which include virtual and non-virtual projects of LNG terminals, supply and import.
The investors involved in the consortium have started the process of discussion with Pakistani authorities. According to Ogra sources, the consortium comprising UAE company Bison Energy and China National Chemical & Engineering Company wants to set up a virtual LNG project at Kemari and a non-virtual LNG project at Port Qasim. The consortium has both virtual and non-virtual project licences.
