SAPM on petroleum Nadeem Babar says govt is developing 25-year LNG plan

The federal government is introducing a new Liquefied Natural Gas (LNG) programme for the next 25 years, Petroleum’s Special Assistant to the Prime Minister Nadeem Babar said Friday.

Speaking at a conference in Islamabad on the importance of LNG and its valuable role in economic activities, the SAPM said that there has been a new LNG plan in place for 25 years.

He said the demand for LNG and the prices will have to be exactly estimated for the next thirty years.

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Babar said that LNG would produce 45 per cent of the country’s electricity by 2055. The SAPM has acknowledged that the energy sector in the country is lagging, with the terminal and storage facilities in bad shape.

The SAPM on petroleum said an import pipeline had to be installed which is necessary for the country’s cheap generation of electricity. He further informed that the government will also make gas plans monthly, semi-annually and annually.

Meanwhile, conference participants urged the government to make LNG infrastructure a priority.