ISLAMABAD: It is expected that the Liquefied natural gas (LNG) will be imported by the end of next month. The supply will be distributed among industries that are situated near the Port Qasim.
Re-gasified LNG will be pumped into large consumers like K-Electric, Engro Polymer, Gul Ahmed Energy and manufacturing units located at Bin Qasim and Landhi industrial estates, an offcial said.
“The idea is to avoid the losses, which exist in the pipeline system. Supply to the rest of the city will continue from the usual sources,” said the official associated with Sui Southern Gas Company.
Shortage of gas has become a national emergency and the top priority for the government right now is to ensure that it has a contract for the supply of LNG by next month.
If that is achieved on time, at least 200 million cubic feet per day (mmcfd) or 5% of the existing supply will be supplemented via imports by end-March.
Experts have been voicing their concern over the way LNG will be used in a country which loses over 9% or 350 mmcfd of gas to pipeline leakages and theft.
Since the government has yet to sign a long-term contract with any LNG supplier, the landed price of gas is not known. But it will be more than double the $4 per unit – the average price at which gas is locally produced.
CCP authorizes acquisition of Pakistani aircraft maintenance firm by UAE-based FZE
ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorized the acquisition of a shareholding in M/s. Northern Technik (Private) Limited...
