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Tuesday, June 22, 2021

Rs.750 million to be invested in LPG supply infrastructure: Gilani

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KARACHI: Prime Minister Yousuf Raza Gilani has said that an investment of Rs 750 million had been made in the LPG supply infrastructure during 200709 whereas total investment in the sector till date, is estimated at about Rs 12 billion. “This investment reflects the confidence of investors in the government policies regarding LPG sector”, he said in a message on the occasion of 3rd annual LPG conference and exhibition organized by the LPG Association of Pakistan (LPGAP) and Energy Update in Islamabad.

He said that the event will provide an excellent opportunity for industry stakeholders, policymakers and the general public to interact with each other. He noted that while LPG accounts for 0.7 percent of the national energy mix, it is a fuel of convenience for people living in remote areas having no access to piped natural gas.

Gilani said that the government of Pakistan was already seized of the important of broadening and indigenizing our energy mix. The government has also directed the relevant public sector companies to speed up availability of additional local LPG production through a transparent, competitive bidding process which would also create both investment and employment opportunities, he added.

The government remains committed to implement industry friendly policies through fair transparent policy making that would InshaAllah yield benefits and rewards for the Pakistani consumer, he noted.-SANA

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