lng import to begin from march 31 abbasi

ISLAMABAD: Minister for Petroleum Shahid Khaqan Abbasi on Monday said the government will begin importing Liquefied Natural Gas (LNG) from March 31.Talking to Geo News, the Petroleum Minister said initially 300 MMCFD (million cubic feet per day) of LNG will be imported. After six months the import volume will be increased to 400 MMCFD, he added.Shahid Khaqan Abbasi informed that Pakistan’s current consumer demand for LNG stands at 600 MMCFD.He said that in the initial phase, the Finance Ministry will foot the LNG import bill from subsidy allocated for the power sector.The Minister said the electricity generation from LNG will cost Pakistan less compared to the power production from diesel.He, however, said that the price for LNG has not yet been determined.