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Exxon, Shell Groups Among Developers Pursuing Pakistan LNG Plans

LNG Natural Gas
Photographer: Tomohiro Ohsumi/Bloomberg

Pakistan has given provisional permission to five developers, including partnerships with Exxon Mobil Corp. and Royal Dutch Shell Plc, to set up LNG import terminals.

The developers are now required to submit technical and financial details by Nov. 5, as well as a $2 million concession fee, according to Ali Zaidi, minister for maritime affairs. Another $8 million will be paid on the signing of so-called implementation agreements.