US Consortium Seeks $4.4 Billion for Pakistan LNG Project

A US-based consortium, supported by the administration of Donald Trump, is seeking up to $4.4 billion to develop an integrated liquefied natural gas (LNG) infrastructure project in Pakistan. Led by Global Vision Energy Partners, Khanjee Holdings, and General Mediterranean Holding, the venture aims to establish a regional storage, regasification, and trading hub at Port Qasim.

The project will be executed in two phases, beginning with a $1.7 billion LNG terminal and storage facility, followed by the construction of a 1,100-km pipeline to transport gas across the country. The consortium has already obtained site consent from the Port Qasim Authority and applied for a provisional license from the Oil and Gas Regulatory Authority.

Financing for the project may involve the US Trade and Development Agency, the US Development Finance Corporation, and the US Export-Import Bank. This initiative follows the withdrawal of a previous venture, Energas, which cited policy and fiscal issues. While the sponsors are currently seeking additional equity from global funds and local Pakistani investors, no binding commitments have been confirmed.