LNG

Nov 27 (LNGJ) - Royal Vopak, the Dutch international petroleum and commodities storage company, has purchased an additional 15 percent stake in Pakistan’s first LNG import facility at Port Qasim, east of Karachi, taking its total shareholding to 44 percent. The Pakistani terminal is a floating storage and regasification unit under charter for 15 years and has been in operation since 2015. It also comprises an LNG jetty and a 7.5km high-pressure gas pipeline linked to the sole customer, the state-owned local gas network operator, Sui Southern Gas.