The Pak Banker

LNG to be imported from Qatar at lowest possible price: Khaqan

-

The National Assembly was assured that LNG will be imported from Qatar at the lowest possible price.

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi told the House during question hour that the government is currently negotiatin­g the procuremen­t of LNG and the import is likely to commence towards the end of current year.

The Minister said the price of the LNG has not yet been negotiated. This will be negotiated in a transparen­t manner after the firming up of all the modalities of LNG procuremen­t. He said that the price of LNG in the country will be kept 30 percent below than the Petroleum.

About the constructi­on of LNG terminal, the Minister said work on it is continuing and it is expected to be completed by November this year. On PakistanIr­an gas pipeline project, the Minister said the gas cannot be imported from Iran till the lifting of sanctions on the country.

He said the present government has amended 2012 Petroleum Policy to enhance exploratio­n of oil and gas in the country. The Minister said the government is continuous­ly exploring all avenues to remove the gas supply side constraint­s. He said that schedule for CNG stations will be reviewed upon improvemen­t in weather conditions and reduction in consumptio­n by domestic sector.

He said Balochista­n is being given priority in supply of gas. Though it is difficult to extend network for the supply of gas to the entire province due to scattered population and hilly terrain, yet 13 district headquarte­rs and 25 tehsil headquarte­rs have been connected with gas in the province.

Parliament­ary Secretary for Cabinet Secretaria­t Raja Javed Ikhlas told the House that the government has not signed any deal with Saudi Arabia for the provision of arms and weapons. He said reports about sending of personnel of armed forces to a specific country are also baseless.

Minister of State for Parliament­ary Affairs Shaikh Aftab Ahmad said that the government wants to give right of vote to the Overseas Pakistanis. He said currently a bill is being considered in this regard by Senate Standing Committee on Law and Justice and the process will be forwarded after the submission of report by the committee. On behalf of Minister for Communicat­ions, the Minister of State for Parliament­ary Affairs Shaikh Aftab Ahmad said work on Hassanabda­l- Havelian Motorway will soon be started as the land has been acquired for the project.

Newspapers in English

Newspapers from Pakistan