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IHS, SSGC to sign agreement regarding gas terminals

IHS, a global information company having expertise in energy, economics and supply chain management, is all set to make its presence felt in Pakistan, an official said on Thursday.

The company is in talks with a gas utility company for consultancy regarding receiving and distribution terminals for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) to be formed in Pakistan, he said.

Humayun Qureshi, chairman of the Marketing International Services, local partner of IHS, said that they were about to close a consultancy agreement with the Sui Southern Gas Company (SSGC) for setting up LNG and LPG terminals.

Qureshi said that they are also working with Engro on consulting services for coal mining and usage.

Besides, various industry leaders and government departments have sought proposals from IHS so that this important aspect of the country’s energy requirement could move forward fast.

There would be an acute shortage of natural gas in the upcoming winter; therefore, the government is planning to import LNG and LPG on fast-track basis, he said.

IHS has organised web-conferences with the world’s leading specialists to kick start the process, he said.

The government is going to invite bids for building two large plants and retrofit another to handle imports of liquefied natural gas, he said, adding that the government has already approved the first-ever LNG import but it does not yet have the ability to handle the imports it plans to begin next year. The gas imports are intended to help ease the problem.

The contracts would involve building two terminals to re-gasify LNG. Pakistan wants the new terminals to have a capacity of 400 million cubic feet per day (mmcfd) each, he said.

Anthony Few and Julian Lambert, vice president and director for the EMEA Region for IHS, recently presented the vast portfolio of services for executives from the energy sector.

IHS also presented some of their world famous brands Lioyd’s Register, CERA, Intermat and the vast database on the energy sector.

IHS also provides business intelligence and forecasting other sectors of the global economy, including the maritime and aerospace sectors, he said.

MISL represents IHS in Pakistan, which is already an established name in the country’s oil and gas and aerospace sectors and represents other Fortune 500 companies such as General Electrics, Crane and SPX among others.

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