Qatar to start LNG, LPG supply from Nov

ISLAMABAD (APP) - Federal Investment Minister Senator Waqar Ahmad Khan said here on Tuesday that Qatar will start providing Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) to Pakistan by November this year.
He was addressing at press briefing here on Tuesday after returning from his visit to China, Hong Kong and State of Qatar.
Qatar would provide 1.5 million tons LNG and one million tons LPG to Pakistan, he said adding that decision regarding the necessary logistics for fuel transportation would be finalized within a month.
Terming his visit to these countries as very successful, the federal minister said that he had got very positive response from investors as Pakistan offers great investment opportunities in various fields of economy.
Senator Waqar said that nobody in China and Hong Kong raised question about security in Pakistan rather, they want to have strategic investment in Pakistan to lead the country as well as the region towards economic stability.
The federal minister said that Pakistan would attract $10 billion foreign investment this year including 6 billion dollars to 7 billion dollars from China adding that major investments would come in telecom communication and oil and gas sectors.
He said that from China, major investment is coming from Metallurgical Corporation of China (MCC) and China Mobiles adding that MCC eyes on investment up to 4 billion dollars where as the mobile company aims to reach 25 million consumers. He said that a MCC delegation is expected to visit Pakistan on July 9 for exploring various options for investment.
He said that China would also host a seminar which would provide Pakistan an opportunity to attract Chinese potential investors to invest in Pakistan adding that this would be followed by another seminar to be held in Pakistan.
He said that China would be spending $100 billion in foreign investment and it would be Pakistans top priority to attract maximum portion of this investment.
He said that Chinese-specific Special Economic Zone is being established where Chinese investors would be offered tax free Import of plant and machinery to establish their industries.
He said that Thar Cola reserves would also be developed on Public Private Partnership basis to produce gas adding that once operational this project could make the country LNG exporter.
He said that UAE provide 350 megawatt power plant free to Pakistan and would provide another 300 megawatt plant soon. He said that Pakistans environment was conducive for investment as there was no political confrontation due to current government governments political reconciliatory policy.