ISLAMABAD: Federal Minister for Petroleum Shahid Khaqan Abbasi has said the government will start importing Liquefied Natural Gas (LNG) from March 31 and initially 300 mmcfd (million cubic feet per day) LNG will be imported, which will be increased to 400 mmcfd after six months.
The minister said that the country’s current consumption of LNG stands at 600 mmcfd. He said that in the initial phase, the Finance Ministry will foot the LNG import bill from subsidy allocated for the power sector.
The Minister said the electricity generation from LNG will cost Pakistan less compared to the power production from diesel. However he said that the price for LNG has not yet been determined.
