KARACHI: Fehmida Jamali, founder president Quetta Women Chamber of Commerce and Industry and the Executive Committee of the FPCCI member and former vice president federation, said inauguration of LNG terminal at Port Qasim will help to resolve energy crises to masses which could also transform the industrial economy.
In a statement issues on today, Fehmida said “we are moving towards the energy resolve which was vital for our growth”
“This was an unthinkable scenario just a few years ago as despite the LNG policy being enacted in 2006 there had been no practical move to develop the LNG ecosystem,” Jamali said. Pakistan is saving around 1.7 billion dollars each year due to fuel arbitrage savings between diesel and LNG alone
She also said with the supply of LNG, more than 2300 megawatts power generation capacity has been brought online or switched from more expensive liquid fuels. RLNG also energised close to a dozen projects, generating billions of dollar economic activity in the country.
Similarly revival of fertiliser industry is also made possible with a substantial increase in production. This contributed significant savings to national exchequer and had direct contribution to GDP.
She also said that import of LNG and construction of more terminals is the eginning of regular gas supplies which will reduce the gap between supply and demand of the energy, triggering economic growth. This was a great step which is transforming national energy landscape by starting to balance energy mix which is very heavily tilted towards oil, he added.
Fehmida Jamali further mentioned that the local industry is pinning high hopes on the government to tame energy crisis in order to trigger growth. She urged the government for exploring the construction of gas pipelines through the private sector, expedite work on the south- north pipeline, and expedite development of the new terminals.
