ISLAMABAD: The Petroleum Division has prepared a summary for the Economic Coordination Committee (ECC) of the Cabinet regarding the Third-Party Access (TPA) to government-contracted unutilized capacity of LNG terminals. The proposal aims at addressing the issue of unutilized capacity and exploring opportunities for private parties to access and utilize the excess capacity. While the capacity of Terminal-1 is fully utilized, Terminal-2 has remaining unutilized capacity. To address these issues, the Petroleum Division has engaged with stakeholders and sought input from the World Bank and international consultants. The proposed Third Party Access to un-utilized LNG terminal capacity in Pakistan aims to optimize resource utilization, encourage private sector participation, and promote a competitive market for LNG.

Source: Pakistan Today July 16, 2023 20:02 UTC