CNG prices to slide af­ter ar­rival of Qatari LNG

The Pak Banker - - NATIONAL -

The All Pak­istan CNG As­so­ci­a­tion (APCNGA) on Sun­day said gas prices will be re­duced af­ter ar­rival of Qatari LNG in the first week of next month. The im­ported LNG will ben­e­fit con­sumers be­sides re­viv­ing Rs 450 bil­lion CNG in­dus­try which will re­duce oil im­port bill, pol­lu­tion and un­em­ploy­ment, said Ghiyas Ab­dul­lah Paracha, Chair­man Supreme Coun­cil APCNGA.

In a state­ment is­sued here to­day, he said that LNG im­port at the rate of less than five dol­lars per MMBTU is a great achieve­ment of the govern­ment which will prove game changer for the econ­omy. Ghiyas Paracha said that the deal would im­prove en­ergy mix, re­duce en­ergy cri­sis and en­sure rapid na­tional de­vel­op­ment.

The credit of LNG deal goes to the Prime Min­is­ter Nawaz Sharif and Pe­tro­leum Min­is­ter Shahid Khaqan Ab­basi which is to change en­ergy land­scape of the coun­try. The leader of CNG sec­tor said that LNG im­port will help power plants, CNG, fer­tiliser, tex­tile and value-added sec­tor.

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