U.S.-Backed Consortium Targets $4.4 Billion LNG Terminal in Pakistan

The consortium, including Global Vision Energy Partners, Khanjee Holdings, and Luxembourg-based General Mediterranean Holding, has secured preliminary site consent from the Port Qasim Authority. The group has filed for a provisional license with the Oil and Gas Regulatory Authority, operating through a dedicated special purpose vehicle with backing from Pakistan’s Energy and Maritime Affairs Ministries.

This proposal arrives shortly after the Energas consortium—a partnership between QatarEnergy and Lucky Group—abandoned its own terminal project, citing fundamental shifts in Pakistan’s energy policy. The urgency for new infrastructure is underscored by the fragility of Pakistan’s current supply chain. Since March, when Iranian strikes damaged the Ras Laffan hub, Qatar’s force majeure declaration has forced Islamabad to rely on the expensive spot market. With winter demand looming, the nation expects to pay over $1 billion in premiums to secure fuel, highlighting the critical need for the storage capacity this proposed facility promises to provide.