Islamabad, Oct 7: Dutch Energy Storage Company Aims to Invest in LNG Import Terminals in Pakistan
Abu Dhabi-backed energy storage firm VTTI BV is considering potential investments in LNG import terminals across Asia, including in Pakistan, according to a report by Bloomberg.
The Dutch Energy Storage Company CEO, Guy Moeyens, highlighted Bangladesh, Pakistan, and the Philippines as key regions for developing regasification facilities, positioning Asia as a prime focus over Europe or the Americas.
VTTI, headquartered in Rotterdam, recently acquired a 50 percent stake in the UK’s Dragon LNG terminal and is also set to purchase a majority share in Italy’s Adriatic LNG terminal.
The company is further expanding its presence, with an existing partnership with Hoegh LNG for a project in the Netherlands and now aims to increase its footprint in the Asian market.
Notably, Adnoc, one of VTTI’s major shareholders, has been actively ramping up its own LNG activities, constructing a new export terminal and securing stakes in projects across the US and Africa.
This focus on increasing LNG export capacities comes as global demand for LNG continues to rise, with the United States and Middle Eastern countries among those expanding their export capabilities.
