Italian Ambassador Vincenzo Prati while speaking at a dinner, hosted by Italian gas company Landi Renzo Pakistan, delivered hope that a positive solution will be found and the firm will be able to continue its operation in the country.
Landi Renzo Pakistan Chief Executive Alberto Barbieri spoke of billions of rupees invested by his company in Pakistan, ban on importing CNG kits and cylinders imposed by Economic Coordination Committee and its impact on CNG industry.
His company in alliance with the Italian embassy has issued a proposal to Pakistan of imposing quotas on locally manufactured kits and partial removal of ban on exports of CNG equipment.
Presently, there are 3,329 CNG stations operating with an investment of $1 billion, serving 2.5 million gas equipped vehicles in the country. CNG makes up 48% of Pakistan’s energy mix followed by oil (32%), Hydel (10.3%), Coal (8%), LPG (1%) and Nuclear (0.7%).
Published in The Express Tribune, May 29th, 2012.