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LNG import likely by year end: Khaqan

LNG import likely by year end: Khaqan

ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that import of Liquefied Natural Gas (LNG) is most likely to start by the end of current year to help cope with the worsening gas shortage.
He declared that the LNG import would be carried out through a transparent process and at competitive prices, adding that work on the country’s first LNG terminal had been initiated and would be completed by December.
About Pakistan-Iran gas pipeline project, Shahid Khaqan Abbasi said that experts from both the countries would hold meeting in the end of the current month to workout workable implementation of the project. However, international sanctions on Iran are the main reasons for delay in Pak-Iran Gas pipeline project, he added.
He said that the government was also working on alternative schemes to get gas from Iran, which includes establishment of an LNG terminal at Gwadar and would be connected with the Iranian border for import of gas.
On Turkmenistan-Afghanistan-Pakistan-India Gas Pipeline Project, the minister said that operating agreement had already been signed. Regarding ban on gas connections to new housing colonies, the Minister said the ban was imposed in 2011 due to anticipated gas shortage. He said we have now moved a summary to get approval for giving new connections.