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Home Business & Stock

SAPM Nadeem Babar rejects reports over LNG sale mechanism

MM News Staff by MM News Staff
December 26, 2020
Reading Time: 1 min read

ISLAMABAD: Special Assistant to the Prime Minister on Petroleum Nadeem Babar has expressed that Pakistan Muslim League-Nawaz (PML-N) introduced the LNG in the country without constructing any storage facility and declared it as petrol.

Nadeem Babar rejected all the negative reports appearing on media regarding the purchase and sale mechanism of Liquefied Natural Gas. He said that Pakistan Muslim League-N 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.

Read more: PM Imran keen to resolve gas issues: Omar Ayub

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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.  

Tags: LNGmm newsmm tvPakistan Muslim League-Nstorage facility
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