Ample Supply: CNG sector hopeful of massive boom
A number of private sector investors are taking a keen interest in setting up LNG terminals
The current shortfall is 1,250 mmcfd, but the company will restore gas supply to both sectors to meet the need. PHOTO: FILE
ISLAMABAD:
All Pakistan Compressed Natural Gas Association (APCNGA) expressed confidence on Friday that the sector will fully revive due to increased import of liquefied natural gas (LNG) in the next two years. “Around 3,200 CNG stations were operating in 2012 when natural gas supply to the outlets was stopped due to scarcity of the commodity, but after May 26, 2016 around 2,300 stations have restarted their operations courtesy the import of LNG,” the association’s leader Ghiyas Abdullah Paracha told APP. Due to effective policies of the government, he said a number of private sector investors are taking a keen interest in setting up LNG terminals. He hoped that in the next two years Pakistan would have a requirement of one bcfd (billion cubic feet per day) of LNG.
Published in The Express Tribune, September 23rd, 2017.
All Pakistan Compressed Natural Gas Association (APCNGA) expressed confidence on Friday that the sector will fully revive due to increased import of liquefied natural gas (LNG) in the next two years. “Around 3,200 CNG stations were operating in 2012 when natural gas supply to the outlets was stopped due to scarcity of the commodity, but after May 26, 2016 around 2,300 stations have restarted their operations courtesy the import of LNG,” the association’s leader Ghiyas Abdullah Paracha told APP. Due to effective policies of the government, he said a number of private sector investors are taking a keen interest in setting up LNG terminals. He hoped that in the next two years Pakistan would have a requirement of one bcfd (billion cubic feet per day) of LNG.
Published in The Express Tribune, September 23rd, 2017.