Two LNG terminals being set up to overcome energy shortage

BusinessTwo LNG terminals being set up to overcome energy shortage

ISLAMABAD, Pakistan: The Chairman Board of Investment Dr Miftah Ismail has said that two Liquefied Natural Gas (LNG) terminals were being set up in the country and gas from these terminals would be provided to power sector for enhancing electricity generation capacity.

Talking to Pakistan Television, he said Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project would help Pakistan in overcoming its energy shortage.

Miftah Ismail said Pakistan would get more than 750 mmcf gas daily through the project and will increase its shares with more investment in the project in future.

He said Pakistan would get 35 percent gas from TAPI Pipeline with an initial investment of five per cent.

The Chairman said gas supply from the project would be provided to all sectors including power, industrial and domestic.

Replying to a question regarding security of the pipeline, he said a monitoring system of modern technology would be used.

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