KARACHI: Metro Gas Pvt Ltd has entered a memorandum of understanding (MoU) with Karachi Port Trust (KPT) for establishing a virtual pipeline system for disseminating liquefied natural gas (LNG) across Pakistan.
The MoU was signed by Rear Admiral Zaka ur Rehman, GM Operations, on behalf of KPT and Owais Mir, CEO, on behalf of Metro Gas.
KPT will allocate suitable berths for this purpose and arrangements are underway by Metro Gas for the transportation of ISO tanks to the customers through road, a statement said.
The process involves import of ISO containers and in second stage setting up of floating storage unit (FSU) based model for transfer of LNG from ships to ISO tanks and thereafter to their respective destinations. Metro Gas will re-gasify the LNG at end user premises and provide gas storage units.
Aiming at meeting gas shortage in Pakistan through a rapid practical LNG virtual pipeline solution, it is expected to result in provision of much needed fuel for commercial, industrial and residential sectors of the country.
Metro Gas firmly believes the LNG virtual pipeline can be the driving force to unlock the LNG market in Pakistan by providing accessible and affordable energy to SMEs and the commonman and is grateful to KPT and the government for facilitating this project.
Metro Gas is a sister company of Dynamic Engineering and Automation (DEA) Group, an Engineering Services Company focusing on the downstream of Pakistan oil and gas industry.
DEA is the pioneer in LPG Air Mix (SNG) technology in Pakistan, and has installed LPG/SNG plants all over the country for city gas and industrial and housing sector.
Metro Gas (Pvt) Ltd is a purpose built company which plans to operate a complete supply chain of LNG supplying clean fuel throughout the country starting from Karachi.