ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Tuesday decided that first priority order would be given to domestic and commercial sectors in gas supply under Natural Gas Load Management plan.The ECC, which met under the chairmanship of Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh, discussed the Natural Gas Load Management principles submitted by ministry of petroleum and natural resources. In the backdrop of loadshedding in power sector, the Ministry of Water and Power had requested for enhanced gas supply to power plants on SNGPL system. The ECC agreed that the gas companies should be allowed to manage gas load on their own, while observing general priority order including curtailment programme. The ECC decided that first priority order would be given to the domestic and commercial sectors. The power and general industries sectors would be accorded second and third priority, respectively. Whereas cement sector would be the fourth and CNG sector would be the fifth priority.Sources said that ECC approved that the $25 billion LNG import project will be re-tendered. The Committee also constituted a sub-committee under the chair of Federal Minister for Science and Technology Mir Changez Khan Jamali for LNG re-tendering process. The Sui Southern Gas Company's $25 billion LNG import project requires re-tendering as two of the three bidders have become ‘controversial.’The ECC also accorded its approval to marginal/standard gas fields pricing criteria and guidelines, 2013, submitted by the Ministry of Petroleum and Natural Resources. The guidelines provide pricing structure applicable to the oil or gas reservoirs that cannot be exploited economically under the existing E&P policies, pricing structure and available technologies. The ECC agreed to the proposal of the ministry to set the marginal fields gas prices in accordance with Petroleum Exploration & Production Policy 2012 with an additional premium of US$0.25 per MMBTU for the three zones defined in Petroleum Exploration & Production Policy 2012. It was also decided that the government shall have the first right to purchase pipelines specification gas from the marginal gas fields at a price to be determined in accordance with the above mentioned pricing formula. Secretary Finance Division presented review of key economic indicators before the ECC. He informed the ECC that CPI-based inflation was estimated at 7.9 per cent in December 2012 while CPI-based inflation stood at 10.6 per cent and 9.2 per cent for India and Bangladesh respectively for the same period. The prices of food items like tomatoes, eggs, sugar and wheat flour have gone down during the last month. ECC was informed that there were sufficient stocks of wheat available for local consumption. It was further informed that production in large scale manufacturing sector stood at 2.4 per cent in July - November 2012-13 as compared to 1.1 per cent in the same period last year. Worker remittances reached to US $7,117 million in July - December 2012-13 as against US $6,325 million in 2011-12 showing an increase of 12.5 per cent. It was further told to the ECC that for the fiscal year 2012-13 (July - December), FBR provisional tax collection stood at Rs.897 billion as compared to Rs.841 billion in the same period last year, thereby posting an increase of 6.7 per cent. The ECC was also informed that Karachi Stock Exchange emerged as best performing stock exchange in the world with 51 per cent growth during the last year. Secretary Cabinet Division presented a report on implementation of the decisions taken by the ECC of the Cabinet. It was informed that since the induction of the present democratic government in March 2008, 89 per cent of the decisions taken by the ECC of the Cabinet were implemented while the remaining decisions were in process of implementation.