South Korean yard Daewoo Shipbuilding & Marine Engineering’s energy projects arm is in advanced stages of licensing for an LNG import terminal in Pakistan.

DSME Energy & Resources is aiming to build a floating facility in Sonmiani Bay, not far from Karachi.

Start-up at the 3.5 million tonnes per annum terminal is targeted for the end of first-quarter 2014.

Plans call for a chartered-in floating storage and regasification unit or shuttle regasification vessel in a first phase.