Pakistan

Three int’l companies agree to set up LNG terminals in Pakistan: minister

SANGHAR: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Saturday said three prominent international gas companies are ready to set up Liquefied Natural Gas (LNG) terminals in Pakistan.

“LNG is being imported to fulfill the gas requirements. No development was possible without resolving the energy problem,” he said while addressing the inaugural ceremony of new Gas Processing Plant in Sanghar.

The Gambat South Gas Processing Plant will provide 50 million cubic feet of gas per day and completed at the cost of Rs17 billion, a press release said.

The minister said that another gas processing plant would be completed within next year costing eight billion rupees.

Shahid Khaqan Abbasi said that he had directed the Pakistan Petroleum Limited managing director to give the locals employment on merit and the residents of areas be extended the gas facility.

Later talking to media, he dispelled the impression that with CNG pumps owners determining the price on their own would result in price hike. He said that it would result in competition and the benefit would go to the people.

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