Two LNG terminals being set up to overcome energy shortage: Miftah

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Board of Investment Chairman Dr Miftah Ismail has said two Liquefied Natural Gas terminals are being set up in the country and gas from these terminals will be provided to power sector for enhancing electricity generation capacity.

In an interview, he said that Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project would help Pakistan in overcoming its energy shortage.

Miftah Ismail said Pakistan would get more than 750 mmcf of gas daily through the project and would increase its shares with more investment in the project in future.

He said Pakistan would get 35 per cent gas from TAPI pipeline with an initial investment of five per cent.

The chairman said gas supply from the TAPI project would be provided to all sectors of the country including power, industrial and domestic sectors.

Replying to a question regarding security of the pipeline, he said a monitoring system based on modern technology would be used for the purpose.

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