Japanese leading business conglomerate Mitsubishi Corporation is setting up another liquefied natural gas (LNG) terminal.<\/p>\n
\u201cMitsubishi is undertaking several joint ventures in Pakistan and is also setting up Pakistan\u2019s 3rd LNG terminal,\u201d a government statement said after the meeting between Prime Minister Shahid Khaqan Abbasi and a delegation of Mitsubishi Corporation and Diamond Gas International, led by Kimihidi Ando, senior vice president of Mitsubishi.<\/p>\n
Presently, Pakistan has two LNG terminals with a combined re-gasification capacity of 1.2 billion cubic feet per day (bcfd). Pakistan with a population of over 200 million and economic growth of five percent plus has the growing appetite for LNG imports, which are expected to climb fivefold to 30 million tonnes a year by 2022.<\/p>\n
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