CNG Association has formed the UGDC (United gas distribution company) specifically for bringing LNG to CNG stations.
Chairman Supreme Council of All Pakistan CNG Association (APCNGA), Ghiyas Abdullah Paracha has said that the Economic Co-ordination Committee (ECC) of the Cabinet has formally approved import of the LNG by private sector to facilitate the CNG sector. The Government had earlier approved the revolutionary move which has been notified now that will change the energy landscape, he said.
In a statement issued here on Tuesday, Ghiyas Paracha said that Prime Minister Nawaz Sharif and Petroleum Minister Shahid Khaqan Abbasi are very serious in resolving the energy crisis which is evident from the LNG move. The move will not only bring pleasant change in the national energy mix but also revive troubled CNG industry, which will save Rs 450 billion investment, four hundred thousand jobs, 2.7 million converted vehicles and precious foreign exchange besides impact on environment, he said.
The leader of the CNG sector said that according to the recent ECC notification, the CNG sector would be able to import LNG to cater for its needs. Moreover pricing, relocation of CNG stations, renewal of licences and other important issued would be out of the ambit of regulatory bodies, he informed.
Ghiyas Paracha said that a new company in the name of United Gas Distribution Company (UGDC) has been formed to complete transportation of LNG from port to CNG stations in Punjab. The company will also finalise issues with other private companies and distributors of natural gas.-PR