ExxonMobil scraps project to build LNG terminal in Pakistan | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

ExxonMobil scraps project to build LNG terminal in Pakistan

US energy giant ExxonMobil has canceled plans to build a liquefied natural gas (LNG) terminal in Pakistan, the Express Tribune reported, citing its sources.
People familiar with the matter said the US company had exited the partnership with Energas Terminal, a consortium of companies from several industries including cement, textile, and power.

ExxonMobil’s main objective for joining the consortium was to supply LNG to Pakistan. The Pakistani government had allowed five companies, including Exxon, to establish LNG terminals in the country, but said it would not give any guarantees and the companies would have to set up the terminals at their own risk.

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