Economics & Business

LPG-Expo Participants call for prudent LPG policies

ISLAMABAD: Participants at a third International Liquefied Petroleum Gas (LPG) Expo Conference-2009 held here on Wednesday underlined the need for adopting more prudent policies to strengthen this sector of cheaper energy. The Expo Conference titled “Pakistan’s LPG Sector and Energy Discipline” was jointly organized by LPG Association of Pakistan (LPGAP) and Energy Update Magazine at a local hotel.

They focused on the issues related to its pricing, regulation and safety standards besides discussing the growth potential of LPG industry. They were of the view that the industry has sufficient potential to bridge the growing energy gap in the country and policy makers must play their due role for the purpose.

Secretary Petroleum and Natural Resources Mahmood Saleem Mahmood, who was chief guest on the occasion, while addressing the conference assured the participants that the government was committed to resolve their problems. He said LPG being a cheaper fuel is mostly used by poor segment of the society, adding, provision of this environment friendly fuel would be ensured to end-consumers at a controlled price. The Secretary said gap between demand and supply widens during peak winter season from November to March.

He expressed concern over receiving complains with regard to hoarding and black-marketing of this essential commodity during that period, urging the importers, producers and marketing companies and distributors for ensuring un-interrupted supply in far-flung areas during the peak season. Mahmood Saleem Mahmood assured the participants that there would be complete transparency in process of awarding licenses related to this sector, keeping the national interest supreme.

“We will ensure level-playing field to importers, producers, marketing companies and distributors to create an environment of healthy competition to facilitate end-consumers as well as for betterment of this sector,” he added. Commenting on auto-gas, he said policy in this connection has almost been finalized and the regulators would be intimated soon. He said there was dire need to increase local production and import of LPG to meet the growing energy demand in domestic, commercial and power generating sectors.

Managing Director Oil and Gas Development Company Syed Zahid Hussain also spoke on the occasion and apprised the participants about measures taken by the company to facilitate all stakeholders associated with the LPG sector.

Chairman LPGAP Iqbal Z. Ahmed, CEO Publicity Channel Naeem Qureshi, CEO Akber Associates Jamal Ansari and Manager Business Development Progas Liaquat Ali also spoke on the occasion and gave suggestions to officials present in the conference to further streamline matters pertaining to LPG and promotion of this sector. Later, the participants visited the stalls set up by national and multinational companies to showcase their products related to the LPG industry.

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Haroon Akram Gill

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