US-backed consortium proposes $4.4bn LNG project

• Proposal envisages four tanks holding 560,000 cubic metres at Port Qasim in first phase of the $4.4bn plan that also includes a 1,100km upcountry gas pipeline • Project would charge $4.93 per mmBtu for terminal and storage, $1.91 for transmission over first decade ISLAMABAD: A private consortium of US companies, backed by the Trump administration, is pushing for an investment of up to $4.4 billion in an integrated liquefied natural gas (LNG) project in Pakistan, covering imports, storage, re-gasification, gas transmission and sales to large consumers on a ‘merchant basis’. The development…