Govt’s plan to es­tab­lish new LNG ter­mi­nals hailed

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

IS­LAM­ABAD—Pres­i­dent Pak­istan Busi­ness­men and In­tel­lec­tu­als Fo­rum (PBIF) Mian Zahid Hus­sain on Fri­day lauded the de­ci­sion of the gov­ern­ment to con­struct four new LNG sta­tions in short span. He also lauded the de­ci­sion of the ECC to ap­prove con­struc­tion of sec­ond LNG ter­mi­nal which will re­duce gas short­fall to 50 per cent. The sec­ond LNG ter­mi­nal is be­ing built by a con­sor­tium which will pro­vide gas to three un­der-con­struc­tion LNG-based power plants in Pun­jab with com­bined ca­pac­ity of 3600 me­gawatt, he said.

The op­er­a­tional­i­sa­tion of sec­ond LNG ter­mi­nal will change the sit­u­a­tion in Pun­jab as it will trig­ger in­dus­trial and agri­cul­tural growth, im­prove pro­duc­tiv­ity and pro­vide jobs while en­hanc­ing rev­enue, he added. Hus­sain said that presently there is only one LNG ter­mi­nal pro­vid­ing 400mm­cfd fuel to gas com­pa­nies while the next one will pro­vide 600mm­cfd gas re­duc­ing short­fall by 50 per cent.

He said that gov­ern­ment is also es­tab­lish­ing a LNG ter­mi­nal at Gwadar un­der CPEC while another ter­mi­nal will be com­pleted with the co­op­er­a­tion of a Dubai-based com­pany. The com­ple­tion of all LNG ter­mi­nals will make gas short­fall his­tory, he said, adding that the pol­i­cy­mak­ers need to en­sure pur­chase of cheap­est gas so that masses and busi­ness com­mu­nity get en­ergy on eco­nom­i­cal rates.

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