Islamabad: The Universal Gas Distribution Company (UGDC) signed a deal with the Singaporean firm Trafigura, regarding the supply of liquefied natural gas (LNG) to the transport sector, according to a news source.
This firm will utilise the surplus capacity at the Pakistan Gas Port Limited (PGPL) terminal for this purpose. This is due to its 5% equity participation in the terminal.
The government had previously booked a maximum of 600 million cubic feet per day (mmcfpd) processing capacity at the PGPL terminal through its subsidiary Pakistan LNG Terminal Limited (PLTL). The agreement between UGDC and Trafigura had been under negotiation for a year, and was finalised following another agreement between ExxonMobil, the world’s largest publically traded oil and gas firm, and UNGC for the supply of LNG to the transport sector. This made the UGDC-Trafigura agreement possible due to Pakistan’s third-party access (TPA) rules.
