30.2 C
Perth
April 19, 2024

Image default
Business Pakistan

PM directs to ensure timely import of LNG

by SANA
ISLAMABAD: Prime Minister Mian Muhammad Nawaz Sharif has said power projects must be fast tracked on top priority basis to provide relief to the people at the earliest. 

 
He was chairing the 9th meeting of the Cabinet Committee on Energy in Islamabad on Thursday.
Nawaz Sharif said Pakistan is tapping all sources of energy to increase power generation at affordable rates.

The Prime Minister directed the Committee that steps should be taken on immediate basis for early start of the 1680-km Turkmenistan-Afghanistan- Pakistan-India (TAPI) gas pipeline which would be immensely beneficial in providing energy security to the region.

 

He said that a timeline of power situation forecast for both short and long terms should be presented to the Committee and meticulously followed.
The Cabinet committee gave approval for starting negotiations with Malaysia, China, Algeria, Nigeria, and Trinidad for import of Liquefied Natural Gas (LNG). Negotiations in this regard are already under way with Qatar. Further, it was decided that an improved mechanism would be devised for LNG payments on regular basis to avoid any complications in this regard.
Ministers for Water and Power and Petroleum and Natural Resources Shahid Khaqan Abbasi briefed the Committee on setting up of 3600MW power generation plant based on Re-gasified LNG. The Prime Minister gave in-principle approval for allocating funds in PSDP for financing of this project.
The Committee was informed that LNG Terminal at Port Qasim would be completed by next month.

Dear TNT Reader,

At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.

Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.

But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.

Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.

Monthly Subscription Annual Subscription

Visa Card MasterCard American Express Card

We want to hear your Travel Stories.

Do you have a memorable, unbelievable, or favorite travel experience? Share your story with us.