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                                  Engro Elengy Terminal

                                  delivering beyond expectations

                                  Engro Elengy Terminal (Private) Limited (EETL) set up Pakistan's first Liquefied Natural Gas (LNG) Terminal at Port Qasim, built in record-breaking time of 335 days.

                                  One of the most cost-efficient LNG terminals in the region, it has the capacity for regasification of up to a peak of 690 mmscfd (guaranteed capacity: 630 mmscfd & uncontracted capacity: 0 mmscfd) or 4.5 million tons of LNG per year and terminal capacity utilization ranges between 590 to 630 mmscfd based on customer’s demand. The RLNG provided through the Terminal has reduced the cost of electricity generation by 40%, and in turn, boosts productivity and bolsters economic growth across Pakistan. The rates and tariffs are decided as per Operation and Service Agreement with the customer.

                                  EETL is a wholly-owned subsidiary of Elengy Terminal Pakistan Ltd., in which Engro Corporation Ltd. has a 56% shareholding. After being awarded the contract to handle LNG, EETL acquired a Floating Storage Regasification Unit (FSRU) vessel from Excelerate Energy, the US-based recognized leader in floating LNG regasification solutions.

                                  • 592.2
                                    average

                                    Gas Pumped Daily

                                    as of December 2019

                                  • 50%
                                    Pakistan`s

                                    LNG import and regasification capacity

                                    as of December 2019

                                  • 9.69%
                                    contribution

                                    to Engro’s Bottom Line

                                    as of December 2019

                                  • PKR
                                    14mn

                                    Spent on CSR Related Activities

                                    as of December 2019

                                  Conversion of LNG

                                  The facility consists of an LNG jetty including a 6 km high pressure gas pipeline. This pipeline is connected to the grid of EETPL’s sole customer, Sui Southern Gas Company Ltd, a government owned entity of Pakistan. EETPL holds a 15-year Floating Storage and Regasification Unit (FSRU) time charter.

                                  The liquefied gas is supplied, under long-term contracts, via LNG carriers from various exporting countries to the FSRU, which is moored to the EETPL jetty and connected to its pipeline. The regasification takes place on the FSRU and the gas is transferred to the mainland where, under high pressure, it enters the grid of the customer.

                                  Operating at one of the highest utilization rates in the world, the Engro Elengy Terminal Private Limited continues to provide savings of between USD 0.75 billion to USD 1 billion to the national exchequer through import substitution of expensive furnace oil.

                                  Moreover, the assurance of LNG import has kicked off a fast-growing LNG ecosystem and transitive economic activity across Pakistan while uninterrupted gas provisioning has also contributed significantly to the revival of the fertilizer and the textile industries resulting in substantial increase in national production.

                                  Partnership with Royal Vopak

                                  Engro Corporation Ltd, (Engro Corporation) of Pakistan and Royal Vopak of the Netherlands entered into a Share Purchase Agreement in which Vopak has acquired 24% share in Elengy Terminal Pakistan Ltd (ETPL). This new venture gives Vopak an excellent entry in the growing Pakistan LNG market.

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