Sui Northern Gas Pipeline Ltd approves Subsidy Company for LNG

Oil, Gas and Power

LAHORE: Sui Northern Gas Pipeline Ltd (SNGPL) Board of Directors has approved a subsidy company for import of LNG from Qatar; this company will work under SNGPL.

The newly elected Chairman Board of Directors (BoD) Mian Misbahur Rehman told this news agency on Friday after the meeting of BoD that industrial and domestic consumers were facing hardships due to severe gas loadshedding and it was also affecting the industrial production in country. He said that the new company will talk to different countries for import the gas but initially the SNGPL has given the task for import the LNG from Qatar.

To a query he said BoD has not taken any decision about increasing the gas prices. This decision will be taken by the federal government and company will implement it, he added.

SNGPL sources said that SNGPL has sufficient gas and it had already formed a subsidy company so new company will work only for SNGPL.

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