Home / Knowledge / News / Textiles / APTMA seeks allocation of 300mmcfd LNG
APTMA seeks allocation of 300mmcfd LNG
02
Feb '16
The All Pakistan Textile Mills Association (APTMA) has requested the government to allocate 300 million cubic feet per day (mmcfd) of Liquefied Natural Gas (LNG) to Punjab-based textile industry. A delegation of textile industry led by Tariq Saud, Chairman APTMA met Petroleum and Natural Resources Minister Shahid Khaqan Abbasi and presented the textile industry's request to the government.

In reply to the textile industry's request the Minister assured the industry that from first week of the March, the government will enhance LNG supply to the industry, APTMA said. At present textile units in Punjab are getting 60 mmcfd of LNG, which in March is likely to be enhanced to 120 mmcfd. Textile industry had served as a catalyst for the economic development of the country, contributing around 60 per cent to the total export earnings.

Currently, Punjab-based textile units are purchasing LNG from the supplier at $9 per MMBTU as per ECC decision. They now expect that the price will come down around $6-7 per MMBTU which is almost equivalent to the local gas prices.

According to Ijaz Gohar, former president APTMA, the government at present was supplying four hours per day LNG to the industry at $9 per MMBTU and now the international commodity prices have significantly reduced and the industry is hopeful that the government will supply LNG to industry at around $6 per MMBTU. He said textile units in Punjab during past five years were facing worst energy crisis that had rendered around two million people jobless. He added that now when the government had started importing LNG, provision of the LNG to industry would help creating jobs and enhance exports of the sector. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Retailers launch US Global Value Chain Coalition

Apparel/Garments | On 24th Oct 2017

Retailers launch US Global Value Chain Coalition

The American Apparel & Footwear Association (AAFA), the National...

Italian textile machinery orders index rises 6% in Q3

Textiles | On 24th Oct 2017

Italian textile machinery orders index rises 6% in Q3

The orders index for Italian textile machinery rose by six per cent...

OECD urges UK for close EU ties to meet Brexit challenges

Textiles | On 24th Oct 2017

OECD urges UK for close EU ties to meet Brexit challenges

The British economy has weakened following the decision to leave the...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search