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Shaikh discusses proposals for LNG import

While approving, in principle, the short-term and long-term import of liquefied natural gas (LNG), the Economic Coordination Committee (ECC) of the Cabinet on Wednesday constituted a sub-committee to work out the modalities and to examine the instruments related to import for implementation of the projects, according to a statement.

The decision was taken during the first meeting of the committee constituted by the prime minister for development of LNG infrastructure held under the chairmanship of federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh.

The sub-committee of the ECC proposed a draft containing 15 recommendations on LNG import.

It was proposed that LNG will be imported in a phased manner, which consists of long-term LNG import integrated project structure for 400MMCFD and RLNG delivery at the receiving point of the Sui Southern Gas Company (SSGC) and fast-track LNG import on tolling basis for 200MMCFD.

The second round of long-term import under integrated project structure for 400MMCFD will be followed by the same procedure. In the same way, other 14 recommendations cover different aspects of LNG import, the statement said. The committee analysed each recommendation moved by the sub-committee and made necessary amendments to improve the mechanism of LNG import infrastructure.

All participants of the meeting, including representatives from private sector such as All Pakistan Textile Mills Association (APTMA), independent power producers (IPPs) and industry gave their inputs in formulating the amendments to the draft.

The meeting was concluded with the remarks that the revised draft will be circulated to all the stakeholders within two days for further consideration. The revised draft will be presented in the next ECC meeting for final approval, it said.

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