Home / Knowledge / News / Textiles / Work on Iran-Pakistan gas pipeline to begin soon: Minister
Work on Iran-Pakistan gas pipeline to begin soon: Minister
25
Dec '12
Dr. Asim Hussain
Dr. Asim Hussain
Pakistan has decided to kick-start work of the controversial Iran-Pakistan (IP) gas pipeline project, in view of the severe energy crisis being faced by the country’s textile industry, especially in Punjab, Petroleum Minister Dr. Asim Hussain said.
 
During his visit to the All Pakistan Textile Mills Association (APTMA), Dr. Hussain, also the Adviser to the Prime Minister for Petroleum and Natural Resources, said that overruling the domestic and international pressures, the Government would soon launch the project in association with Iran, which has undertaken to provide some technical assistance and US$ 500 million for the project.
 
Dr. Hussain said the country will soon come out of the crisis phase, however, gas consumers, whether domestic, commercial or industrial, would have to endure crisis till end of winter 2014, after which the situation is expected to ease.
 
As against its overall domestic production of four billion cubic feet per day (bcfd), Pakistan’s consumption stands at eight bcfd. 
 
Dr. Hussain said that construction of new wells, imports of liquefied natural gas (LNG) and commissioning of the IP gas pipeline project would help in bridging this production-consumption gap in years to come.
 
The plan to boost LNG imports is expected to result in a significant rise in gas tariffs for all customers, who now enjoy low tariff rates, the Petroleum Minister said. Presently the Government provides a subsidy of Pk Rs. 300 to consumers using less than 300 units of gas, he added. 
 
He further informed that this year the gas companies extended gas pipeline network by 200 km, which would cause the system to endure an additional gas burden of 200 million cubic feet per day (mmcfd). He added that in 2013 too, this expansion of pipeline network and gas consumption is likely to grow at the same pace.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Courtesy: Gucci/Pantone

Textiles | On 9th Dec 2016

Pantone announces greenery as colour of the year 2017

Pantone, an X-Rite company and the global authority on colour and...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

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

Bani Batra

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search