Energas Pvt.

YB Group, Sapphire Group and sponsors of Halmore Power Generation announce Investment Descion to build LNG terminal at Port Qasim. The LNG terminal is designed to berth a FSRU of 173,340 m3 along with an LNG carrier of 266,000 m3. Tolling capacity of the terminal shall be a maximum of 800 MMCFD with a 30-inch pipeline connection to the main grid. ENERGAS Terminal Private Limited has been incorporated to support its shareholder’s endeavors to develop a Private LNG Terminal. ENERGAS’s shareholder’s financial strength, captive gas requirements (and future projects) and its expertise (local knowledge and International LNG experience) will be the driving force behind its ability to successfully develop and run a LNG business in Pakistan. ENERGAS’s business model is in line with the ones followed by Power utilities across the Far East, where Operational control of the terminal is key. The company’s shareholders are progressive business groups with interest in setting up additional power projects in line with the Government of Pakistan’s Energy program. Muhammad Ali Tabba of the YB Group said, “We hope to support the country’s efforts to alleviate the existing energy crisis with this investment decision.” “Through ENERGAS, we have created a Buyers platform to jointly secure LNG for captive use, discuss and solve our common issues and ensure we secure LNG at preferable terms. The inherent risks of securing LNG can only be mitigated through collaborations between buyers. We have been approached by other potential users of LNG and are in advanced discussions with Buyers who wish to secure Gas through this platform”, says Anser Ahmed Khan, Chief Executive Officer for ENERGAS Terminal Private Limited.