The company would be called Pakistan LNG Limited, according to The Express Tribune newspaper, and would receive a mandate to import LNG from Pakistan State Oil (PSO), which is the only company to have a mandate at the moment.
The country’s Petroleum Ministry is seeking approval to establish this company.
In April, Pakistan launched its first LNG import terminal in the southern seaport of Karachi in a bid to counter power shortages in the country.
Earlier this month Russia's Energy Minister Alexander Novak said that Moscow and Islamabad were considering the possibility of supplying Russian liquefied natural gas to Pakistan.
In December 2014, Russia and Pakistan announced the construction of gas pipelines and LNG regasification terminals in the South Asian country.
