Pakistan to develop its own LNG shipping facility

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. As the import of LNG has been on the rise since the past couple of years to meet the local demand,, the Ministry of Maritime Affairs asked PNSC to make a joint-venture setup in the coming months with the private shipping service.

Recently, PNSC acquired three vessels to expand local operations mainly to import crude oil and petroleum products. 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.

Source: Pro Pakistani

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