Shifting transport to LNG to save billions in oil import

ISLAMABAD, October 18 (Online): Chairman of Pakistan Economy Watch Brig. (retd) Aslam Khan on Sunday lauded the move of the government to promote the use of LNG in vehicles in place of CNG.

As per the plan, conversion of CNG stations to RLNG is in progress and the CNG stations will not get natural gas in future and they will use imported LNG which will bring an end to the scarcity of gas for vehicles during the winter, he said.

He said that the move of the government will reduce the oil import bill by almost 20 percent, reduce environmental pollution and fares for the masses.

Aslam Khan said that the imported LNG will be around 20 to 25 percent cheaper than petrol which will provide relief to millions of people linked to the transport sector and commuters.

This will also help the government to utilise the idle capacity of LNG terminals which is resulting in heavy losses. This will bring down the terminal charges on a unit basis while the private sector will start building new terminals by investing billions.

A sizable volume of local gas will be saved through this initiative which could be diverted to industrial sector reducing complaints and triggering production and employment.

He noted that RLNG usage should be encouraged throughout the year and the natural gas could be used for more efficient uses in the industrial and power sectors.

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