Price of imported LNG gas in Pakistan lowest in the World: Khaqan

Government of PakistanPrice of imported LNG gas in Pakistan lowest in the World: Khaqan

ISLAMABAD, Pakistan: Prime Minister Shahid Khaqan Abbasi has said that Pakistan is being dubbed as a success story in the liquefied natural gas (LNG) Sector and the price of imported gas is the lowest in the World.

While enumerating government’s performance in Oil and Gas Sector at a News Conference in Islamabad on Wednesday, the prime minster said that as a result of imported LNG gas, the wheel of industry and fertilizers has been revived, adding that additional imported gas will also be provided to the domestic consumers.

The prime minister said that the government has ensured cost effective and efficient supply of gas to all the consumers in the Country. He said that we have addressed the issue of gas shortages and today the World’s prominent companies are expressing interest to invest billions of dollars in the LNG Sector.

Khaqan Abbasi said that the power generation from the gas is also helping produce cheap electricity and helping save billions of dollars in foreign exchange.  He said that gas fired plants are more efficient than those powered by the furnace oil.

Shahid Khaqan Abbasi reminded that Pakistan imported one million tones of fertilizer when it assumed the power in 2013. However, he added that, as a result of availability of sufficient gas, we were able to export 600,000 tones of fertilizer last year.

The prime minister said that 116 oil and gas discoveries were made during the last five years which is a record. He said that these discoveries added 35,000 barrel of oil and 900 million cubic feet of gas to the system.

Abbasi said that 445 wells were drilled during this period, and of these, 225 were exploratory wells. He said that the total discoveries reflect the success rate of 50 percent which is a great achievement.

Shahid Khaqan Abbasi said that we laid transmission line of 17,000 kilometer of 42 inch diameter at a cost of Rs 200 billion. He added that we have also made arrangements for the laying of North South Pipeline with the cooperation of Russia and China.

In addition, the prime minister said that we also laid distribution pipelines of 25,000 kilometer which is a record.

The prime minister said that over the last five years, two million new gas connections were provided and these were provided through a transparent mechanism.

Talking about the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, the prime minister said that work on this important project is continuing and the Country will start receiving gas from it by 2020.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Pakistan sets November 1 deadline for deporting all illegal foreign nationals

ISLAMABAD, Pakistan: The federal government has decided to deport all illegal foreign nationals residing in Pakistan after November 01, 2023 to improve law and...

Pakistan to host first Global Health Security Summit

ISLAMABAD, Pakistan: The Ambassador of Azerbaijan to Pakistan Ali Alizada held a meeting with the Federal Minister for Health Dr. Nadeem Jan in Islamabad...

Interbank Dollar Rate Today in Pakistan – 3 October 2023

Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for October 03,...

Honda CG 125 Fuel Tank Capacity

Honda CG 125 has been famous among enthusiasts in Pakistan due to its reliability, fuel economy, and power. One crucial aspect of a Honda...
Toyota Pixis Epoch price in Pakistan

Toyota Pixis Epoch Price in Pakistan 2023

Toyota Pixis is a series of kei cars, kei trucks, and kei microvans which is manufactured by Daihatsu and sold under the name of...