Trade Chronicle Nov - Dec - 2020 issue

TRADE CHRONICLE
Computerized Plots Balloting of
GBTS - Pictures
LNG Virtual Pipeline MoU signing
ceremony held in KPT
Karachi Port Trust joins hands
with Pakistan Railways and private
entities M/s LNG Easy (Pvt) Limited
and Metrogas (Pvt) Limited signs
Memorandum of Understanding
(agreement) for the development
of Virtual Pipeline facility. M/s LNG
Easy Singapore is already in this
business and is successfully operating
similar projects in China, Malaysia,
Myanmar and Vietnam.
The ceremony was
well attended by Senior
management officials of
KPT, Pakistan Railways and LNG Easy.
Tripartite MoU was signed amongst KPT,
LNG Easy (Pvt) Limited, and Pakistan
Railways today 19th November, 2020.
The signing of agreement has taken
place between Chairman KPT Rear
Admiral (R) Jamil Akhtar HI (M) T. Bt.,
Chairman Pakistan Railways Mr. Habibur-Rehman
Gilani and CEO LNG Easy
(Pvt) Limited Mr.
Yasir Hamid and
Mr. Owais Mir of
Metrogas during
the august
ceremony.
KPT shall
allocate suitable
berths for this
purpose and
arrangements
are underway
for the
transportation
of ISO tanks
to up country
through Pakistan Railways which will
further enhance the revenue stream for
both KPT and Pakistan Railways. The
process involves transfer of LNG from
ships to ISO tanks through a Mobile
Filling Platform (MFP) and thereafter to
their respective destinations. LNG Easy
and Metrogas will regasify the LNG at
end user premises and will also 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.
This is also in line with the vision of
the Prime Minister of Pakistan and
present government and it will surely
result in economic, social and industrial
development much needed by the
country. Minister for Maritime Affairs
Mr. Ali Haider Zaidi and Minister for
Railways Mr. Sheikh Rasheed had
agreed in principle in 2019 to work
together on this project during a
meeting held at KPT. Chairman KPT
spearheaded the project and facilitated
the same through coordination with all
the concerned stakeholders.
TRADE CHRONICLE - Nov - Dec - 2020 - Page # 11