Home arrow News arrow National arrow Gilani inaugurates SSGC-LPG terminal
 

Today is,

Monday, 26 January 2015

 

Home | About Us | News | User Login | Jobs | Contact Us | Tender Notices
Untitled Document
Main Menu
Home
News
Blog
Links
Search
Contacts
News Section
National
World
Sport
Business
Forex
Weather
Articles & Features
World News
UN chief strongly deplores latest deadly attack in Ukraine -
UNITED NATIONS, Jan 25 (APP):  United Nations Secretary-General Ban Ki-moon has strongly condemned Saturday’s rocket attack in the eastern Ukrainian city of Mariupol which reportedly killed dozens of civilians and left another one hundred injured.


Obama likely to raise question of resuming India-Pakistan dialogue with Modi: Report -
NEW YORK, Jan 24 (APP): US President Barack Obama is likely to raise with Indian Prime Minister Narendra Modi the issue of how the two nuclear-armed neighbours can resume dialogue and reduce their hostilities when the two leaders hold talks during the American leader’s shortened trip to India, The Wall Street Journal reported Saturday.


Peshawar school massacre reflects Muslim suffering at hands of terrorists -
WASHINGTON, Jan 24 (APP): The United States has welcomed the additional Pakistani steps to wipe out militants operating on its soil and citing December 16, 2014 atrocious attack on Peshawar’s Army Public School underscored that more Muslims have been victims of terror than anybody else.


US backs Pakistan commitment to act curb violent extremism -
WASHINGTON, Jan 23 (APP): The United States has said it backs Pakistan’s commitment to take steps against militant groups operating on its soil without any discrimination. 


UN pays tribute to late Saudi King's role in advancing development, humanitarian causes -
UNITED NATIONS, Jan 23 (APP):  Secretary-General Ban Ki-moon has "learnt with sadness" of the death of King Abdullah Bin Abdulaziz Al-Saud, the late King of Saudi Arabia and Custodian of the Two Holy Mosques, who passed away on Friday at the age of 90.


Sport News
UAE being considered as venue for Pacquiao- Amir Khan title fight
ISLAMABAD, Jan 25 (APP): UAE is being considered as a venue for a title fight between Manny Pacquiao and British boxer of Pakistan origin Amir Khan, if the proposed May 2 showdown between Floyd Mayweather and the Filipino ring legend doesn’t happen.
 
PIA jumps to top of points table in First COAS Challenge Hockey Cup
RAWALPINDI, Jan 25 (APP): Pakistan International Airlines (PIA) moved to the top of the points table in pool A after a 4-2 thrashing of Police in a match of the First Chief of the Army Staff Challenge Hockey Cup (COAS) here at the Army Hockey Stadium on Sunday.
 
Ajmal optimistic of getting cleared after retest
ISLAMABAD, Jan 25 (APP): Off-spinner Saeed Ajmal, who underwent official ICC retesting on his remodeled bowling action in Chennai on Saturday, believes that his “doosra” is within the legal limit now and is hopeful of being cleared to bowl again in international cricket.
 
Rookie Seifert, Nicholls tons stun Pakistan
KARACHI, Jan. 25 (APP): The batsmen duo of Tim Seifert and Henry Nicholls banged contrasting centuries as New Zealand Board President’s XI inflicted a six wickets defeat on touring Pakistan team in a practice game at Bert Sutcliffe Oval, Lincoln, near Christchurch on Sunday despite captain Misbah-ul-Haq’s century.
 
ICC to take up to illegal bowling actions on Jan 28
ISLAMABAD, Jan 25 (APP): Issues relating to illegal bowling actions, anti-corruption and anti-doping matters will be discussed at the ICC Board Meeting to be held at its headquarters in Dubai on January 28-29.
 
Archive
Latest News
Report on power situation presented to PM - Work underway to restore power supply countrywide: Secretary - SSGCs Usman Tariq suspended for one match - Bahria university holds 11th Convocation - Afghan Border Police delegation arrives on 5-day visit - Shahbaz okays converting govt school to solar energy
Gilani inaugurates SSGC-LPG terminal PDF Print E-mail
KARACHI, Feb 18 (APP): Prime Minister Yousuf Raza Gilani on Saturday inaugurated Rs 2.5 billion first fully integrated SSGC-LPG terminal to handle 2 million metric tons of LPG at Port Qasim here.Speaking on the occasion, he called for adopting a creative approach to respond to emergent energy challenge as well as work out a comprehensive strategy on sustainable basis.Sindh Governor Dr Ishrat-ul-Ebad Khan, Chief Minister Syed Qaim Ali Shah, Minister for Port and Shipping Babar Khan Ghori, Special Assistance to PM on Petroleum Dr Asim Hussain, provincial ministers, high officials and leading businessmen were also present on the occasion.


He said the the fluctuating nature of crude prices in the international market has posed serious challenges to global economies and the reliance on imports cannot be a feasible long-term solution.
Gilani pointed out that the Council of Common Interests has very recently approved the National Petroleum Exploration & Production Policy 2012, which recognizes the operating challenges and key considerations that face Pakistan oil exploration and development industry.
He noted the policy signifies the government’s commitment to provide fiscal and regulatory incentives to E&P companies, which will provide an impetus to them to speed up their exploration and development programmes with a view to maximizing domestic oil and gas production in the coming years.
Referring to core objectives of the policy, the Prime Minister said that it would accelerate exploration and production activities in Pakistan with the purpose to achieve optimum self-sufficiency in energy by increasing oil and gas production.
Similarly, the policy will promote direct foreign investment in the country’s energy sector by increasing competitiveness of its terms of investment and encourage the Pakistani oil and gas companies to get fully involved in the investment opportunities.
At the same time, it will promote increased E&P activity in the onshore frontier areas by providing globally competitive incentives, he added.
Gilani said that this policy will encourage indigenous production and decrease reliance on imported energy in a phased manner. “It is in this background that recourse to LNG and LPG is critical to bridge the gap between demand and supply and ease pressure on local production”, he observed.
He pointed out that Pakistan has concluded a Memorandum of Understanding with the Government of Qatar for import of LNG which is equivalent to 500 million cubic feet of gas per day. The imported LNG will be provided to power houses to generate 2,500 megawatt of power in the country, he added. Recounting key mega projects undertaken by the present government to meet the energy demands, the Prime Minister said they included Diamir Bhasha Dam, Thar coal power project, TAPI project, and CASA-lOOO in addition to dozens of small and medium-sized dams across the country.
“Pakistan is also committed to Iran-Pakistan gas pipeline project, which will help the country overcome its energy problem to a large extent. The implementation of these mega projects will not only enhance overall energy supplies, provide energy diversity but also lead to a greater energy security.”
He said that Pakistan meets 53 % its total energy requirements through indigenous oil and gas production whereas other indigenous resources further meet 19% of the country’s energy needs. The remaining 27 % of the energy needs are currently being met through imports. The energy imports are likely to increase as domestic gas production and supply  has presently failed to meet the demand of the domestic users, and the industrial sector power generation.
Due to their all-pervasive use by these sectors, the country’s gas reserves may be insufficient to meet the rising demand and deplete fast. Such a situation will force the  country to resort to importing large volumes of gas at international prices to feed the domestic market if local production is not enhanced in relation to demand.
The Prime Minister said that the establishment of SSGC-LPG terminal at Bin Qasim will greatly facilitate the handling of energy imports in the shortest possible timeframe.
Earlier the Prime Minister formally inaugurated the plant by unveiling the plaque.
Special Assistant to the Prime Minister Dr. Asim Hussain said that LPG was ignored in the country, but the present government would establish two LPG plants for  producing 100 mmcf of gas per day, one in the south and the other in the north of Pakistan.
He said the government would subsidise LPG under Benazir Income Support Programme and give free LPG cylinders and stove to down trodden segment of the society.
Managing Director SSGC Azim Iqbal Siddiqui highlighted the importance of LPG plant and said the LPG would serve as a bridge fuel till such time Pakistan hits a major oil and gas reserve.
 

kashmir black day

Budget 2014-2015
Federal Budget
Highlights 2014-2015
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan Budget
Elections 2013
Elections 2013 News
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Independence Day News
Independence Day News
Economic Survey
Economic Survey 2013-2014
Presidential address to the joint sitting of parliament
Presidential address to the joint sitting of parliament
Profiles
Profile of the President
Profile of Prime Minister
Profiles of Chairman and deputy Chairman Senate
Profiles of Speakers and Deputy Speakers
Profile of Governors
Profiles of Chief Ministers
Profiles of Federal Ministers
Portfolios of Federal Ministers
Portfolios of Provincial Ministers
Parlimentary Proceedings
National Assembly
Senate
Latest News