Deal signed with ExxonMobil for supply of LNG to transport sector

Assasin's

Senator (1k+ posts)


اسلام آباد: (دنیا نیوز) دنیا کی بڑی آئل اینڈ گیس کمپنی ایگزون موبل اور یونیورسل گیس ڈسٹری بیوشن کمپنی کے درمیان ایل این جی سپلائی کا معاہدہ طے پا گیا جس کے تحت پہلی بار نجی شعبہ بھی ملک میں ایل این جی درآمد کرسکے گا۔


پاکستانی کمپنی یونیورسل گیس ڈسٹری بیوشن اور ایگزون موبیل کے درمیان معاہدے پر دستخط ہوگئے ہیں اور رواں سال اکتوبر، نومبر میں پہلے ایل این جی کارگو کی آمد متوقع ہے۔

اس موقع پر معاون خصوصی پٹرولیم ندیم بابر کا کہنا تھا کہ ایگزون موبیل بیس سال بعد پاکستان میں بڑا بزنس شروع کر رہی ہے۔ یہ معاہدہ پاکستان کے لیے بہت خوش آئند اوراعزاز کی بات ہے۔

ندیم بابر نے مزید کہا کہ ہم نجی شعبے کی حوصلہ افزائی کر رہے ہیں تا کہ نجی شعبہ آگے آ کر کام کرے۔ معاون خصوصی کا کہنا تھا کہ حکومت گیس کی درآمد سے نکلنا چاہتی ہے اور اس سلسلے میں یہ پہلا قدم ہے۔

ایگزون موبل پاکستان کے صدر ارتضا سید نے کہا کہ ہم بیس سال بعد اس وژن کے تحت پاکستان میں سرمایہ کاری کررہے ہیں کہ پاکستان میں ماحول دوست گیس کم قیمت پر دستیاب ہو، ہم یوجی ڈی سی کو سپورٹ کریں گے تاکہ گیس کی کمی کو دور کیا جا سکے۔


ISLAMABAD: ExxonMobil, the world’s largest publicly traded oil and gas firm, on Wednesday signed an agreement with Universal Gas Distribution Company (UGDC) to supply liquefied natural gas (LNG) to the country’s transport sector.

“After the agreement, the first shipment of LNG is expected by the next month which will change the entire gas landscape in Pakistan,” said a statement issued by Petroleum Division of the Ministry of Energy.

The agreement was signed in Houston, Texas by Vice President of ExxonMobil Richard Rayfield and Chief Executive of UGDC Ghiyas Abdullah Paracha and witnessed by Special Assistant to the Prime Minister on Petroleum Nadeem Babar. A large entourage of the government is currently in the United States to attend an annual LNG conference.

Mr Paracha said the agreement initially covered four cargoes in the first year that would gradually increase overtime depending on revival of the CNG sector. He said the first cargo was being arranged for end-October for which legal framework was already in place and the prime minister had strongly focused on the Ease of Doing Business to revive investor confidence.

CNG will become cheaper by 30pc; first shipment due next month

He said the agreement would enable the CNG sale at least 30 per cent cheaper than petrol price. “Based on this price differential, we are hopeful that two million fresh vehicles would convert to CNG in two years,” he said, adding this would result in an import bill saving of about $1bn a year.

The Petroleum Division said the agreement would “for the first time result in the import of private LNG to the country” and “the first shipment of LNG expected by the next month will change the entire gas landscape in Pakistan”.

Special Assistant to Prime Minister on Petroleum Nadeem Babar, Chairman LNG Market Development Alex Volkov, President Market Development ExxonMobil, Irtiza Sayyed, Country Manager Pakistan ExxonMobil Shahrukh Mirza, senior officials of the petroleum ministry and UGDC were also present on the occasion.

Speaking at the event, Babar said that this was a historic moment as ExxonMobil had decided to invest in Pakistan after a gap of 20 years. He said the businesses would be provided enabling environment according to the vision of Prime Minister Imran Khan.

He said the deal was an honour for Pakistan and the government will promote ease of doing business to facilitate investment in all the sectors including the energy sector.

He said the government wanted to put itself out of the gas import and this deal was the first step in that direction. Investment by ExxonMobil will also propel other energy companies to invest in Pakistan which will bring down the price of gas to help masses and the environment, he added.

Alex Volkov and Irtiza Sayyed said their company had decided to invest in Pakistan after two decades with a vision to provide economical and environmentally friendly gas to consumers on a regular basis. “We will support UGDC so that it can overcome the shortage of gas in Pakistan,” Volkov was quoted as saying.

Ghiyas Paracha said the government had changed third party rules to allow the private sector to import gas that would help the CNG sector to buy surplus gas from terminals and also buy the fuel from five upcoming terminals which will revive the CNG sector.



 
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mhafeez

Chief Minister (5k+ posts)
پاکستان کو ایسے دو تین اور معاہدوں کی ضرورت ہے
 

mhafeez

Chief Minister (5k+ posts)
Bilkul... I remember in Musharraf era most of the cars were transferred into CNG but it's changed now....
اس کے علاوہ بھی ہماری ٹیکسٹائل انڈسڑی ، کھاد اور سٹیل انڈسٹری کو بھی گیس کی ضرورت ہے ، ہماری اپنی گیس شائد پانچ سال اور چل جائے اس کے بعد مکمل امپورٹ ہی ہے ، تب ہمیں مشکل شرائط پر گیس ملے گی ابھی سے اچھے معاہدے کرلینے چاہئیں​
 

Bilal Raza

Prime Minister (20k+ posts)

Agreement is a welcome development, to trigger foreign investment

ISLAMAVAD (Dunya News) – The world s largest oil and gas company ExxonMobil has inked a gas supply deal with Pakistani energy company Universal Gas Distribution Company (UGDC) which will result in the import of private LNG for the first time in the history of Pakistan.

After the agreement, the first shipment of LNG is expected by the next month which will change the entire gas landscape in Pakistan.

The agreement was signed in the American city of Houston between UGDC, the first company to get private gas marketing license in Pakistan and ExxonMobil. CEO of UGDC Ghiyas Abdullah Paracha and Vice President of ExxonMobil Richard Rayfield.

Special Assistant to Prime Minister on Petroleum Nadeem Babar, Chairman LNG Market Development Alex Volkov, President Market Development ExxonMobil, Irtiza Sayyed, Country Manager Pakistan ExxonMobil Shahrukh Mirza, senior officials of petroleum ministry and UGDC were also present on the occasion.

Speaking at the event, Nadeem Babar said that this is a historic day as ExxonMobil has decided to invest in Pakistan after a gap of twenty years. He said that businessmen would be provided enabling environment according to the vision of Prime Minister Imran Khan.

The deal is an honour for Pakistan and we will promote ease of doing business to promote investment in all the sectors including the energy sector.

The Advisor said that the government wants to come out of the gas import and this deal is the first step in that direction. Investment by ExxonMobil will also propel other energy companies to invest in Pakistan which will bring down the price of gas to help masses and the environment.

Mr, Alex Volkov, and Irtiza Sayyed said that we have decided to invest in Pakistan after two decades with a vision to provide economical and environmentally friendly gas to consumers on regular basis. We will support UGDC so that it can overcome the shortage of gas in Pakistan.

Ghiyas Paracha said that the government has changed third party rules to allow the private sector to import gas. Now we will be able to buy surplus gas from terminals and also buy the fuel from five upcoming terminals which will revive the CNG sector.

He said that the move will increase parity between the price of CNG and petrol, fares would be reduced, one billion dollars of foreign exchange per annum would be saved, two million vehicles would be converted to CNG and foreign investment would be attracted for import of CNG kits and cylinders.


 

nisarkk

Politcal Worker (100+ posts)
Jaldi jaldi kr lo bhi awammm bilkul tapi hui hai or molvi fazlooo k pait main b sakht dard hai or PMLN or PPP b end say bachnay k leay Islamabad ka rukh krnay lagay hain
 
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