Agreement finalized for LNG import, Shahzadi says

Latest Update: January 11, 2016 | 359 Views

ISLAMABAD: Pakistan has finalized a sale and purchase agreement with Qatar for the import of liquefied natural gas.

Parliamentary Secretary for Petroleum Shahzadi Umarzadi Tiwana told the National Assembly during question hour that the agreement has been submitted to the Economic Coordination Committee for approval.

She said PSO is importing LNG under spot arrangements through competitive tendering to keep the terminal operational. So far, seventeen cargoes have been imported.

The Parliamentary Secretary said vast gap exists between demand and supply of natural gas, which is being bridged through load-management in power, industry, CNG and fertilizer sectors in order to cater for high priority domestic and commercial sectors.

Shahzadi Umarzadi Tiwana said the Sui Southern Gas Company has identified twenty-two towns in Balochistan for installation of LPG-air mix plants.

To another question, she said gas reserves worth one trillion cubic feet have been discovered during the present government’s tenure. She said 227,000 barrels of oil per day has also been added during this period.


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