LAHORE: The Sui Northern Gas Pipelines Company Ltd (SNGPL) has announced to supply 60 MMCFD LNG to 300 textile mills in the province at the cost of $9 per MMBTU.
Sources said that negotiations are underway over price issue as the industry is demanding LNG supply at the rate of $8 per MMBTU while government was pressing the millers to purchase the liquefied gas at $10 per MMBTU.
All Pakistan Textile Mills Association (Aptma) Central Chairman Tariq Saud has lauded the government for providing 60 MMCFD LNG to the Punjab textile industry in winter. He urged the government to immediately announce remaining part of the textile package.
The remaining part of textile package incluees 5 percent rebate on exports and zero rate regime throughout the entire textile value chain, extension of Export Refinance to spinning and weaving sub-sectors, introduction of safeguards through tariff and non-tariff measures against the inroads of synthetic yarns and fabrics in domestic market, removal of electricity surcharge and GIDC and availability of incentives in the export market by matching the regional support package.
