elengy terminal pakistan limited
Elengy Terminal Pakistan Limited, a wholly owned subsidiary of Engro Corporation Limited, is the Corporation’s newest initiative is aimed at establishing an open access, merchant floating storage re-gasification terminal with a storage capacity of 3.5mtpa under the LNG Policy 2011. Through the establishment of the terminal, the Company will market its capacity to LNG Buyers for storage and regasification of LNG purchased.
ESIA has been conducted and NOC from Sindh Environment Protection Agency (SEPA) and Conditional License from Oil & Gas Regulatory Authority (OGRA) have been received for construction of the terminal with approval of the QRA and navigation simulation study undertaken with Lloyds is pending with Port Qasim Authority (PQA). Terminal tariff determination is also pending with OGRA since August 2011. Additionally, Elengy Terminal Pakistan Limited has signed a term sheet with Excelerate, USA to provide it with a 150,900 m3 FSRU and has initialed MOU with TCC China. EPTL has also engaged with IFC and ADB and others for financing this first project thru combination of debt and equity.
Elengy Terminal Pakistan Limited’s aim is to be a lead developer, owner and operator of independent LNG terminal projects structured on a concession or utility outsourcing contract model and has a multi-disciplinary team available with necessary professional skills ranging from technical, legal, environmental, insurance to tax and financial expertise to undertake the role.
For each new opportunity, Elengy Terminal Pakistan Limited will deploy this specialist team to select the optimum technical solution and identify the best EPC and O&M partnerships. In collaboration with our partners, Elengy Terminal Pakistan Limited prepares a robust business case, financial model and a structure for equity and debt financing. Our team then brings it all together to submit the most competitive and comprehensive solution to the client.
We are thus able to provide an innovative solution to the user of RLNG at the lowest possible tariff through creative thinking in financing, design and operations.