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LNG supply to be raised by 400 mmcfd

LNG supply to be raised by 400 mmcfd

ISLAMABAD: Ministry of Energy is working on a strategy to add around 400 million cubic feet per day (mmcfd) of liquefied natural gas (LNG) to the distribution network of two state-owned companies by the end of this year. “We have to bring 400 mmcfd of LNG to the system by December, out of which 200 mmcfd is guaranteed as a tender has been floated to ensure transparency,” a senior official told media.

Currently, he said, around 1,200 mmcfd of LNG was being injected into the distribution network to meet the country’s energy needs. “The capacity of Floating Storage and Re-gasification Units (FSRUs) is also being increased,” he said.

Answering a question, the official said in future he was seeing America and Australia emerging as largest exporters of LNG in the world. He highlighted the importance of imported LNG, liquefied petroleum gas (LPG) and trans-country gas pipeline projects, saying oil and gas exploration and production companies could not make any major find for a long time.