"It's a floating solution for the Port Qasim area," Excelerate president Kathleen Eisbrenner said. "Details of the contract are being finalised and we hope to have it signed within days, if not weeks."

Using an LNGRV to import gas into energy-hungry Pakistan is expected to involve much less upfront costs than the estimated $430 million capital expenditure that has been originally touted for the traditional land-based receiving terminal initially proposed by state-owned Sui Southern Gas Company.

US-based