LNG aims to boost recovery: Abbasi

Prime Minister Shahid Khaqan Abbasi has inaugurated the second LNG terminal at Port Qasim, built at a cost of Rs50 billion.

Addressing the media, the premier said when the Pakistan Muslim LeagueNawaz took control of the government, there was a severe shortage of power. "However, our government has taken steps to control the energy shortage in the country," he added. He said that the government's function is not to do business but to provide a regulatory framework.

The prime minister said that the government's every initiative to resolve the energy crisis has met success. "As many as three LNG stations will be functioning in the near future," Abbasi announced.

The premier said that he is hopeful more LNG terminals will be working in the country. In August this year, the premier had inaugurated another LNG terminal at Port Qasim. The terminal has been completed in a short time at a cost of 50 billion rupees. The Prime Minster said construction of LNG terminals will boost economy and industry in the country and more terminals will be set up in future. He said that the country is on the path of development and the industry is growing with

5.3 percent GDP which is expected to rise to 6 percent in the next financial year. The Prime Minister said the government has successfully completed all the projects that we had started and completion of second LNG terminal in a short time is also a proof.

He said the terminal will help overcome the gas shortage in the country that had affected consumers, industries and fertilizers sector. Shahid

Khaqan Abbasi said a coal based power plant of 1300 megawatt is under construction while more plants are also in pipeline.

He said that three gas based power plants will soon be initiated in the country. He said the demand for LNG is increasing and setting up of the second terminal without government guarantee is manifestation of confidence of the market.