The MoU is related to the development of the private regasified LNG sector in Pakistan, which is designed to enhance Pakistan’s energy security.
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GlobalData predicts that China will lead the global LNG regasification capacity additions between 2022 and 2026, contributing 26% of the total LNG liquefaction capacity additions.
The auctions were for the allocation of the continuous regasification capacity, in relation to multi-year allocation processes with expression of interest, concerning gas year from 2022/2023 to gas year 2032/2033.
Adriatic LNG kicks off the auction for operators interested in importing long-term LNG in Europe, with an overall LNG regasification capacity of approximately 147 billion m3 for the next 25 years.
The new LNG import terminal, named Golar Tundra, will help safeguard Italy’s energy security and diversification.
The strategic LNG hub will help to expand the reach of sustainable energy for customers in the Caribbean.
Through the contract, Golar will deliver the existing LNG carrier Golar Arctic as a FSRU that Snam will install in Sardinia as part of a project to supply the island with energy.
The five-year agreement with provide storage and regasification capacity for Gasunie’s new LNG import terminal in the port Eemshaven, the Netherlands.