Islamabad (October 26, 2017): Prime Minister Shahid Khaqan Abbasi, while speaking in the Senate on Thursday, remarked that liquefied natural gas (LNG) is readily available to all now.
According to the details, Prime Minister Shahid Khaqan Abbasi has said that due to government’s concerted efforts on Thursday gas is available in all over the country throughout the year to all kind of consumers.
Speaking about the achievements of the Pakistan Muslim League-Nawaz government, the PM remarked: “When we came into power in 2013, there was no electricity or gas.”
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Now, people have easy access to LNG, he added.
He also spoke the contract Pakistan signed with Qatar regarding the provision of the LNG in the country.
“Information regarding Pakistan’s contract with Qatar is available to all,” he shared, adding that the price at which Pakistan acquired LNG is unparalleled anywhere in terms of price and transparency.
“We are open to debate on these contracts. I personally drew all these contracts,” he shared. The time during which the contracts were signed, Abbasi was serving as the minister for petroleum.
Speaking about the economic progress in the country, he shared that before Pakistan was importing more fertilisers but now it is exporting more fertilisers.
Responding to a calling attention notice moved by Sherry Rehman, he said when we took over in 2013 there was extreme gas shortage in the country, the Fertilizers factories were non-functional, power plants were closed, gas was not available to CNG stations and to the domestic consumers.
He said in 2013 we were importing ten hundred thousand tons of Fertilizers while we are exporting seven hundred thousand tons of fertilizers. He said all the power plants are running throughout the year to meet the power shortage.
Minister for Parliamentary Affairs, Shaikh Aftab has said that work is in full swing to make the Islamabad Expressway signal free.
Replying to a question during the Questions Hour, the Minister said that work on new interchanges at on Sohan and Khana Bridge at the Expressway will be completed in next three months.
He said work on extension of Expressway from Zero Point to Rawat is underway in phases. He said the two phases from Zero Point to Faizabad and from Faizabad to Koral Chowk and Gulberg have been completed.
Shaikh Aftab said work from Gulberg to Rawat will be completed in the next phase and it is in the design stage. He said the work will be started within four months with provision to the availability of funds.
Responding to another question, the Minister said that a proposal has been sent to Prime Minister for construction of two more community centers in Islamabad. He said these centers will be established in H-8/4 and I-8 Markaz.
On February 10, 2016, Pakistan and Qatar had inked an agreement for the supply of around one billion US dollars worth of LNG to Pakistan annually to help the country meet its energy shortfall.
The agreement on long-term LNG Sale and Purchase was signed during the visit of former prime minister Nawaz Sharif’s two-day visit to Qatar.
Under the agreement, the price for each LNG cargo in a particular month has been agreed at 13.37 percent of Brent where Brent value is the average of the preceding three months Brent value.
According to details, the Qatar Liquefied Gas would sell Pakistan State Oil LNG for a period from 2016 to 2031. The annual Contract Quantity for 2016 has been agreed at prorate of 2.25 mt, for 2017 Q1 prorate of 2.25 mt and for 2017 Q2 to 2031 3.75 mt.
The House will now meet tomorrow at 10:00 am.
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