Gwadar: The Ministry of Planning, Development and Special Initiatives considered a plan to construct a large-scale LNG terminal with a pipeline network and a trucking facility at the Gwadar port. The Pak-China Relations Steering Committee, which was led by federal minister Asad Umar, also examined the prospect of private sector involvement under such an initiative.
Pipelines carried 40% of the gas transported across China, according to conference participants. According to the article, the conference went over the difficulties that investors in CPEC projects confront in depth.
The committee instructed the Power Division to develop a strategy to deal with COD extension concerns of power projects while addressing the CPEC energy projects suffering delays because to the COVID-19 epidemic.
The Electricity Division has also been ordered to guarantee that adequate power is available for the 660 KV HVDC Matari-Lahore Transmission Line to be operational on September 1, 2021. During the testing phase, the committee also instructed NEPRA to finalise the project’s tariff.
The minister stated that he will discuss the matter with Sindh’s chief minister. A representative from the Board of Investment informed the committee at the Allama Iqbal Industrial City that the board member list for FIEDMC has been completed and would be notified soon.
Utility services to the Gwadar Port and Free Zone were also discussed. The meeting was told on potential LNG investments in Gwadar. The chair instructed the Ministry of Petroleum to assist investors and work with other ministries, particularly the Ministry of Maritime Affairs, to settle investor problems as quickly as possible.