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Up to 20 companies looking to invest in gas sector - Zameen News

Up to 20 companies looking to invest in gas sector

April 23, 2019 • news

Islamabad: The All Pakistan CNG Association (APCNGA) has said that over 20 multinational and local companies are keen to invest billions of rupees in the country’s gas sector, according to a news report.

These investors have shown specific interest in the construction of new gas terminals, development of consumer gas supplies, and laying down new gas pipelines. The said initiatives, as per APCNGA Central Leader Ghiyas Paracha, can help reduce the price of electricity and gas, aid with environmental conservation efforts, end the country’s energy crisis, and tame down circular debt.

Read: Govt to complete oil, gas projects in phased manner

Paracha further said that local and foreign investments in the gas sector will help the government save over one billion dollars in oil imports. They will also aid in providing affordable gas and electricity to domestic, commercial and industrial consumers.

Read: PM Khan orders indiscriminate crackdown against gas theft

Furthermore, the central leader stated that the said investments would imbue the country’s industrial, commercial and CNG sectors with renewed vigour; while also increasing job opportunities and the government’s revenue.