Govt finalising LNG import agreement with Qatar, Senate told


FDI made in country from July last to January 31 stands at $ 545.4m

The Senate was informed Thursday that the net foreign direct investment (FDI) made in the country from July last year to January 31 this year is $ 545.4 million.

Minister of State for Parliamentary Affairs Shaikh Aftab Ahmad told the House during question hour that profit repatriated during the period is $ 706.9 million.

Answering a question, the minister told the House that Adil Gilani has been appointed as honorary consultant in the Prime Minister’s Inspection Commission. He said Gilani has no concern with any matter in PMIC, nor involved in any decision making process as he has consultancy role alone.

Minister of State for Petroleum and Natural Resources Jam Kamal told the House that SNGPL has reported that currently 13 sales marketing stations are feeding gas to southern districts of Khyber-Pakhtunkhwa and gas losses under the SMSs are more than ninety percent. He said exponential increase in losses in law and order affected areas of KP and overall law and order situation in the major reason for increase in losses.

He said in campaign against gas pilferers, SNGPL has made efforts to stop gas pilferage in Kohat Division especially in the oil and gas producing zones. He said the KPK government has also been asked to take concrete steps in this regard. He said a bill is also lying with the NA standing committee suggesting measures to stop pilferage of gas.

To a question, Kamal informed the House that the government is close to finalising an agreement for import of LNG from Qatar. He said Pakistan State Oil, the government’s designated LNG buyer for LNG import to Pakistan, is currently engaged in discussion with Qatar Gas on the terms of LNG sale and purchase agreement. He said a team from Qatar is also in Pakistan for this purpose. He said it will be a long-term agreement and hoped that Pakistan will get best ever price in this region with Qatar gas. He said the government is also focusing on making new oil and gas discoveries.

Kamal told the House that as a result of reduction in oil prices at international level, the government continuously passed on its benefits to the consumers at all levels.