New LNG terminals planned to overcome gas shortage

New LNG terminals planned to overcome gas shortage

ISLAMABAD, July 01 (APP): President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain on Friday lauded the decision of the government to construct four new LNG stations in a short span.

He also lauded the decision of the ECC to approve construction of second LNG terminal which would reduce gas shortfall to 50 percent.

The second LNG terminal was being built by a consortium which would provide gas to three under-construction LNG-based power plants in Punjab with combined capacity of 3600 megawatt, he said in a statement issued here.

The operationalisation of second LNG terminal would change the situation in Punjab as it will trigger industrial and agricultural growth, improve productivity and provide jobs while enhancing revenue, he added.

Mian Zahid said, presently there is only one LNG terminal providing 400 mmcfd fuel to gas companies while the next one will provide 600 mmcfd gas reducing shortfall by 50 percent.

He said, the government is also establishing a LNG terminal at Gwadar under CPEC while another terminal would be completed with the cooperation of a Dubai-based company.

The completion of all LNG terminals would make gas shortfall history, he said, adding that the policymakers need to ensure purchase of cheapest gas so that masses and business community could get energy on economical rates.

He said the companies involved in LNG business had lauded the cooperation by government agencies concerned.




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