Intl investors showed interest in Pakistans gas sector Par

ISLAMABAD: International oil and gas companies and some leading global investors have shown interest in Pakistan’s promising gas sector, which is a very healthy sign, said Ghiyas Paracha, Chairman All Pakistan CNG Association (APCNGA) in a statement here on Sunday.’He said the oil and gas majors in US, Russia, China, UAE and Singapore have realised Pakistan’s interest in gas, prompting them to explore opportunities in gas import terminals and pipelines.’Paracha said the confidence of investors is rising which will help the government bridge gas shortfall of two billion cubic feet.’He said government is framing policy for gas import by CNG sector which will relieve government of the burden besides resulting in price cuts as compared to petrol.’He said gas utilities are improving transmission and distribution system, which would increase their swap capacity by December 2016.’He said completion of LNG pipeline and more terminals will settle the energy crisis, Ghiyas Paracha said. (PPI)