CNG prices to slide after arrival of Qatari LNG
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.