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

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search