LNG will be imported from Qatar at a low price. PHOTO:FILE
Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi told the House during question hour that the government is currently negotiating the procurement of LNG, reported Radio Pakistan.
He said its import is likely to commence towards the end of the current year.
The minister said the price of LNG has not been negotiated yet and will be done so in a transparent manner, adding that the price of LNG will be kept 30 percent below the price of petroleum.
Speaking about the construction of the LNG terminal, the minister said its completion is expected by November this year,
In regard to the Pakistan-Iran gas pipeline project, the minister said gas cannot be imported from Iran till the sanctions are lifted on the country.
Abbasi said the 2012 Petroleum Policy has been amended by the present government to enhance exploration of oil and gas in Pakistan.
The minister said the government is exploring all avenues to remove the constraints in gas supply. He said the schedule for CNG stations will be reviewed based on factors such as the weather condition and reduction in consumption by the domestic sector.
Abbasi said Balochistan is being given priority in the supply of gas.
Despite difficulty in extending the network for the supply of gas to the entire province due to scattered population and a hilly terrain, 13 district headquarters and 25 tehsil headquarters have been connected with gas in the province.
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Low price Oil, Gas offered by Iran & Qatar to prevent Pakistan energy crisis.
But our leadership are so corrupt in making their own money and getting kickbacks.
@unbelievable, That's unbelievable logical fallacy, Sharifs have been in power for less than a year
Country has been talking about energy shortage for many years and you still haven't completed negotiations for terminal or LNG supply. Seems like Zardari and Sharif have at least one thing in common ... limited leadership/decision skills.