China is to build a US$2.5 billion LNG terminal in the Balochistan province, and an Iran-Pakistan gas pipeline under the China-Pakistan Economic corridor project. Construction is expected to start in November 2016. The terminal will be able to process 500 million ft3/d.
Mubeen Saulat, Managing Director of state-controlled Interstate Gas Systems (ISGS), said that China Petroleum Pipelines Bureau has submitted technical and commericial bids.
"The dual projects will be completed at the cost of about US$2.5 billion, 85% of the investment will be done by the Chinese company while government of Pakistan will provide 15% of equity,” said Saulat.
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