AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, September 19, 2012 (PPI-OT): First meeting of the committee constituted by the PM for development of LNG infrastructure held here today under the chairmanship of Federal Minister for Finance and Economic Affairs Dr. Abdul Hafeez Shaikh.
While approving, in principal, the short term and long term import of LNG, ECC constituted a sub-committee to work out the modalities and to examine the instruments related to import for implementation of the projects in its meeting held on 7-8-2012. Today’s meeting aims to review the recommendation given by the above said committee.
The sub committee of 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 400 MMCFD and RLNG delivery at SSGC receiving point and fast track LNG import on tolling basis for 200 MMCFD.
The Second round of long-term import under integrated project structure for 400 MMCFD will be followed by same procedure as described above. In the same way, other 14 recommendations cover different aspects of LNG import.
The Committee analyzed each recommendation moved by sub committee of ECC and made necessary amendments to improve the mechanism of LNG import infrastructure.
All participants of the meeting including representatives from private sector like APTMA, IPPs and Industry gave their inputs in formulating the said amendments in the draft. The meeting was concluded with the remarks that the revised draft will be circulated to all stakeholders within two days for further consideration. Then the revised draft will be presented in the next ECC meeting for final approval.
Today’s meeting is a big step in devising guidelines for LNG import, added by Finance Minister.
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