PMLN Govt ruined gas sector, says Nadeem Babar

PMLN Govt ruined gas sector, says Nadeem Babar

PMLN Govt ruined gas sector, says Nadeem Babar

Nadeem Babar


Special Assistant to the Prime Minister on Petroleum Nadeem Babar has rejected all the negative reports appearing on media regarding the purchase and sale mechanism of Liquefied Natural Gas.

He said in a series of tweets that the previous government of Pakistan Muslim League-N has introduced the LNG in the country without constructing any storage facility and declared it as petrol, which cost almost double than the locally produced gas.

Moreover, he also said that in the given scenario, every LNG shipment has to be consumed within four to five days, in the absence of storage facilities for berthing of another cargo ship.

Nadeem Babar further said that it is on record that the government has provided the LNG to every consumer whosoever demanded it in all months of the summer season.

Above all, he said the previous government in its last summer season had produced 28 percent of the total electricity through the fuel oil, while the present government in the summer-last year produced 3.6 percent of the total electricity in eleven months of the current year.


20 new oil & gas exploration blocks to be auctioned

Earlier, Nadeem Babar said that 20 new oil and gas exploration blocks will be auctioned by the government next month as part of its strategy to achieve self-reliance in the energy sector.

As per the details, Nadeem Babar gave an interview to US-based Bloomberg. He said that Pakistan, in collaboration with Russia will also start building a 1,100 kilometer gas pipeline to transport the commodity from Karachi to Lahore.

He added that Pakistan, which imported its first cargo five years ago, currently had two Liquefied Natural Gas terminals.

Moreover, he said two more LNG terminals are expected to start in the next few years.

Above all, the SAPM said Pakistan has also decided to import cleaner Euro-5 diesel from next month.

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