2 LNG terminals being set up to overcome energy crisis

STAFF REPORT ISB: Pakistan is setting up two Liquefied Natural Gas (LNG) terminals from where the LNG gas would be provided to power sector for enhancing electricity generation capacity.

Chairman Board of Investment Dr Miftah Ismail told the media that the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project would help Pakistan in overcoming its energy shortage.

Miftah Ismail said Pakistan would get more than 750 mmcf gas daily through the project and will increase its shares with more investment in the project in future.

He said Pakistan would get 35 percent gas from TAPI Pipeline with an initial investment of five per cent.

The Chairman said gas supply from the project would be provided to all sectors including power, industrial and domestic.

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