Pakistan To Develop Its Own #LNG Shipping Facility

The government has decided to develop an indigenous LNG shipping facility, by building the operational capacity of Pakistan National Shipping Corporation (#PNSC) in the next few years.

PNSC, the national flag carrier, will acquire the required vessels to achieve self-sufficiency in this trade in accordance with international standards and commercial requirements.

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The import of LNG has been on the rise since the past couple of years to meet the local demand, particularly in the power sector. Its import surged to $3.33 billion in FY19 and $2.45 billion in FY18, however, the supplies were carried out by the importers against high premium rates.

The development of an indigenous shipping facility will help the government reduce a significant amount of money on a long-term basis and generate business for its state-owned company

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