Qatar's Qasim Terminal to invest in Pak's Energas Terminal

Qatar's Qasim Terminal Holding Co., a subsidiary of Qatar Energy, has approached the government of Pakistan for permission to acquire stakes in Energas Terminal Pvt.

Energas Terminal Pvt is the Pakistan’s upcoming LNG import terminal. It will be the country’s largest with a capacity to import 1 billion cubic feet of gas per year

The development has taken place as Qatar expects to significantly boost production over the next 10 years while hunting for new fuel buyers. With its latest long-term arrangement set to begin this year, Qatar's Qasim Terminal Holding co. is currently Pakistan’s largest gas supplier.