ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that uninterrupted supply of imported Liquefied Natural Gas (LNG) on CNG stations will save foreign remittances of $2.5 billion annually.
He, addressing a press conference along with All Pakistan CNG Industry Chairman Ghayas Paracha, said that utilisation of LNG in the CNG industry would prove to be a game changer and create almost one million jobs in the country along with saving $2.5 billion per annum in oil imports.
Shahid Khaqan Abbasi said that the consumers would get round-the-clock supply of LNG from the CNG stations, which would be 30-35 per cent cheaper than petrol. “The CNG industry had 0.5 to 0.7 million jobs, which would increase to one million jobs after the revival of the CNG industry by supplying LNG,” he added.
The minister said that gas utilities including Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) would provide infrastructure to transport 500 million cubic feet per (mmcfd) LNG to CNG stations.