• Download the Constitution of Pakistan
  • Advertise
Sunday, July 20, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Installation of 2 LNG Terminals Underway: Prime Minister

by Web Desk
December 29, 2021
in Business, Economy
Reading Time: 2 mins read
0
Installation of 2 LNG Terminals Underway: Prime Minister
Share on FacebookShare on TwitterLinkedinWhatsapp

Prime Minister Imran Khan has directed to fast-track the issuance of licenses for domestic exploration of gas, which is the cheapest source of natural gas. Chairing a meeting in Islamabad on Wednesday on gas situation in the country, he also directed the concerned departments to remove hurdles in process of installation of 2 new LNG terminals and virtual pipeline projects by investors.

Prime Minister @ImranKhanPTI chaired a high level meeting to review gas situation in Pakistan.

The meeting was briefed about the demand, supply from the domestic reserves, shortfall and Import of LNG.

It was informed that the current constrained demand of gas in the country is 4700 MMCFD which increases to 6000-6500 MMCFD during the winter season.

The current domestic supply amounts to 3300 MMCFD which is decreasing every year. The resulting shortfall has to be managed by importing LNG. With the current infrastructure a shortfall of nearly 1000 MMCFD in winters arises for which multiple options are being adopted.

For short term, the existing capacity of domestic terminals is being optimized and the process of issuance of virtual pipeline licenses is expedited. In addition, the installation of 2 new LNG Terminals is underway with all bottlenecks being removed on priority basis.

The PM directed to fast track the issuance of licenses for domestic exploration as it is the cheapest source of natural gas. He also directed the concerned departments to remove hurdles in the process of installation of new LNG terminals and virtual pipeline projects by investors

In this regard Ministry of Maritime Affairs, Ministry of Petroleum and OGRA were directed to coordinate and also take all other stakeholders on board including the investors.

In addition the Prime Minister while emphasizing the importance of North-South Gas Pipeline, directed to ensure its execution without further delay in the agreed timelines.

The meeting was attended by Federal Minister, Shaukat Fayyaz Tarin, Hammad Azhar, Asad Umar, Ali Haider Zaidi, SAPM Mahmood Maulvi and officials of the concerned departments.

Tweeted by Prime Minister’s Office, Pakistan (@PakPMO) on December 29, 2021.

Tags: latestLNG
Web Desk

Web Desk

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Electricity Rate cut 2025

NEPRA Slashes Power Tariff by Rs1.16 Per Unit

by Anum Arif
July 2, 2025
0

In a major relief to power consumers across Pakistan, the National Electric Power Regulatory Authority (NEPRA) has approved a reduction...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

PSX 2025

PSX Crosses 125,000 Points for First Time

by Anum Arif
June 30, 2025
0

The Pakistan Stock Exchange (PSX) achieved a historic milestone on June 30, 2025, as the benchmark KSE-100 Index crossed the...

Next Post
Mohammad Rizwan Nominated for ICC Men’s T20I Player of the Year Award

Mohammad Rizwan Nominated for ICC Men’s T20I Player of the Year Award

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters