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  1. IFC invests in Pakistan’s first LNG import terminal

    International Finance Corp. is making an equity investment in, as well as providing as much as a $20 million loan to Engro Elengy Terminal Private Ltd. for Pakistan’s first LNG import terminal , the World Bank affiliate reported. IFC said its investment will go toward design, construction, and operation of the $125-million Elengy terminal at Port Qasim near Karachi. The terminal will use a floating storage and regasification unit provided by US-based Excelerate Energy, and is expected to handle up to 4.5 million tonnes/year of LNG, which IFC said will help ease the country’s crippling power shortages and reduce its reliance on expensive diesel and heavy fuel oil imports. “Importing natural gas is a more economically viable source for power generation, especially when Pakistan’s indigenous gas resources are diminishing,” Engro Corp. Chief Executive Khalid Subhani said. “The new facility will also help diversify Pakistan’s fuel supply mix and open one of the largest gas markets in Asia to the global LNG market.” IFC said that power outages are estimated to cost the equivalent of 7%/year of Pakistan’s gross domestic product, with blackouts and brownouts lasting up to 8 hr in urban areas and even longer in rural areas. It said in the latest enterprise survey conducted in Pakistan, the absence of a reliable electricity supply was cited by two thirds of business owners and managers as the top constraint facing firms in the country. The project is part of IFC and the World Bank Group’s strategy to mobilize as much as $10 billion in investments to address Pakistan’s power shortage, IFC said. The country represents IFC’s second largest country exposure in the Middle East and North Africa, where IFC said it has committed more than $5.2 billion so far. It said that in the next few years, IFC expects to invest about $500 million/year in Pakistan, with a focus on infrastructure, particularly renewable and low-cost power; financial markets, agribusiness, manufacturing, and services. Contact Nick Snow at nicks@pennwell.com .

    Online Articles

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    Wed, 2 Sep 2015

  2. Excelerate FSRUs complete LNG transfer at Pakistan terminal

    Excelerate Energy LP, The Woodlands, Tex., reported the completion of the first ship-to-ship (STS) transfer of LNG at the Engro Elengy LNG terminal in Port Qasim, Pakistan.

    Online Articles

    Online Articles

    Wed, 22 Jul 2015

  3. IOCL lets contract for LNG storage tanks for Indian terminal

    Indian Oil Corp. Ltd. (IOCL) has let a contract to Mitsubishi Heavy Industries Ltd. (MHI) for the engineering, procurement, and construction of two 180,000 cu m LNG storage tanks, which will be the main facility at a terminal being built at Ennore in Tamil Nadu, India. The receiving terminal will ...

    Online Articles

    Online Articles

    Mon, 29 Jun 2015

  4. KMI, Keyera to build crude storage terminal near Edmonton

    Kinder Morgan Inc. (KMI) and Keyera Corp. have formed a 50-50 joint venture to build the 4.8-million-bbl Base Line above-ground crude oil storage terminal near Edmonton, Alta.

    Online Articles

    Online Articles

    Wed, 1 Apr 2015

  1. Enterprise expands Houston Ship Channel LPG export terminal

    Online Articles

    Online Articles

    Tue, 7 Apr 2015

  2. PAA, EPP to expand Eagle Ford pipeline, build terminal

    Plains All American Pipeline LP (PAA) and Enterprise Products Partners LP (EPP) are constructing a condensate gathering system into their Three Rivers, Tex., terminal and doubling the mainline capacity on the Eagle Ford joint venture pipeline from Three Rivers to Corpus Christi, Tex.

    Online Articles

    Online Articles

    Tue, 4 Nov 2014

  3. Imperial, KMEP form Edmonton crude rail terminal JV

    Kinder Morgan Energy Partners LP and Imperial Oil have formed a 50-50 joint venture to build a crude oil rail-loading terminal in Strathcona County, Alta., called the Edmonton Rail Terminal .

    Online Articles

    Online Articles

    Thu, 26 Dec 2013

  4. Kurnell shuts as refinery to become fuel import terminal

    Caltex Australia Ltd.’s 135,000-b/d Kurnell refinery at Sydney has now become Australia’s largest fuel import terminal following the closure of refinery operations this week.  

    Online Articles

    Online Articles

    Tue, 14 Oct 2014

  5. Contract let for Aramco’s Jazan refinery, terminal project

    Saudi Aramco, through a contractor, has let a contract to Alderley FZE, Dubai, a division of Alderley PLC, Wickwar, UK, to provide metering systems at the 400,000-b/d Jazan refinery and associated marine terminal project currently under construction in the southwest of Saudi Arabia, along the Red ...

    Online Articles

    Online Articles

    Wed, 21 Jan 2015

  6. Edmonton crude oil rail terminal expanded to potential 250,000 b/d

    Kinder Morgan Energy Partners LP’s 50-50 joint venture with Imperial Oil Ltd. has entered into additional firm take-or-pay agreements to add incremental capacity of 110,000 b/d at the Edmonton Rail Terminal . The terminal is almost a year into construction, KMEP said.

    Online Articles

    Online Articles

    Fri, 8 Aug 2014

  7. Dakota Gold to develop Bakken-Three Forks crude terminal

    Dakota Gold Transfer-Plaza LLC plans to develop a crude oil transload terminal in Mountrail County, ND. Sited on 350 acres in the eastern section of the Bakken and Three Forks shale oil producing areas and served by Canadian Pacific Railway (CP), the Plaza Terminal will allow shipment to multiple ...

    Online Articles

    Online Articles

    Wed, 27 Aug 2014

  8. EPP to site ethane export terminal on Houston Ship Channel

    Enterprise Products Partners LP (EPP) will build its recently announced ethane export terminal on the Houston Ship Channel (HSC). The company has signed a 30-year agreement with the Port of Houston Authority for use of facilities adjacent to EPP’s existing Morgan’s Point terminal .

    Online Articles

    Online Articles

    Thu, 12 Jun 2014

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