LNG

Vopak to increase stake in Pakistan LNG terminal

Royal Vopak will increase its prospective stake in the owner of Pakistan’s first LNG terminal to 44%
By Staff reporter 27 November 2018 0 33466

Royal Vopak will increase its prospective stake in Elengy Terminal Pakistan Ltd (ETPL) – the owner of Pakistan’s first LNG terminal – from 29% to 44%, the Dutch company said on Tuesday.

The stake will include the 29% interest Vopak said it would acquire in July, a transaction it still expects to close in Q4 2018. Vopak said it would increase its interest to 44% via separate transactions with EPTL’s existing shareholders, International Financial Corp. and Engro Corp.

Vopak and Engro...