Gwadar LNG terminal to be built by China Petroleum Pipeline Company
ISLAMABAD (APP): The Price Negotiation Committee (PNC) is going to hold final round of talks with the China Petroleum Pipeline (CPP) in the current month for establishment of a Liquefied Natural Gas (LNG) terminal at the Gwadar deep seaport.
"For LNG terminal at Gwadar, PNC has held several meetings with CPP to negotiate price. The final round of price negotiations is expected this month whereafter the recommendations of the PNC will be submitted to the Economic Coordination Committee (ECC) of the cabinet for approval,"official sources in the Ministry of Petroleum and Natural Resources told APP Friday.
They said the PNC, constituted by the ECC, comprised Secretaries Ministries of Petroleum and Natural Resources, Finance, Law Division, Board of Investment or his nominee, Managing Directors of Sui Northern Gas Pipelines Limited and Inter State Gas Systems.