ISLAMABAD: Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi said that people would be able to buy Liquefied Natural Gas (LNG) by December 2014, ARY News reported.
Addressing to a ceremony in Islamabad, Shahid Khaqan Abbasi told that work on the first terminal of LNG will be started soon as the only fastest solution to energy crisis is the import of LNG.
“2 million cubic meters per day of gas would be available in the market from December 2014, the import of LNG will cost $15 per MMBTU and it will cost $17 per MMBTU to the consumers”, he informed.
The Minister informed that if the all electric power plants that are operating with the gas keep on working, the loadshedding would reduce to a greater extent, however it is not possible because the gas production in the country has been reduced to 4 billion cubic feet in the country during the last ten years.
Shahid Khaqan Abbasi further informed that a new well will be dug in sea to find oil and gas; four companies will participate on the project while an Italian company will invest $100 million for the cause.