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LPG production grows up

LPG production grows up
The local production of Liquefied Petroleum Gas (LPG) has increased from 1100 metric tonnes per day to 1500MT per day.

The local production of Liquefied Petroleum Gas (LPG) has increased from 1100 metric tonnes per day to 1500MT per day.

The local production of Liquefied Petroleum Gas (LPG) has increased from 1100 metric tonnes per day to 1500MT per day during the last three years due to investment friendly policies of the government and forward looking regulation by Oil and Gas Regulatory Authority (OGRA). Under the de-regulated pricing policy, the OGRA has simplified LPG licensing procedures, which helped in strengthening the supply infrastructure and promoting an environment conducive for investment and competition, official sources told.

OGRA's regulatory structure involves monitoring of the activities of the LPG marketing companies to ensure sufficient supplies all over the country, especially in remote localities and maintain uninterrupted supplies to domestic consumers.

In corresponding fiscal year, 10 LPG producers and 72 marketing companies were operating in the country with more than 5000 authorized distributors.

The total supply of LPG, which comes from oil refineries, gas producing fields and import, stood at 570,308 tonnes during the year 2007-08.

The share of refineries, gas fields and imports was 186,487 tonnes, 362,159 tonnes and 21,662 tonnes respectively.

However, according to official sources there is a shortfall of 3000 tonnes to ensure the uninterrupted supply of LPG on prescribed rates.

Spokesman of LPG Associated of Pakistan (LGPAP) Fasih Ahmed has appreciated the government efforts to further increase the production of this commodity on fast-track basis.

He said "efforts of the government to encourage local production and promote greater energy self-reliance for the country are credible and merit appreciation."

He said the association has been advocating for exploiting full potential of LPG's local production through a fast-track, transparent, competitive bidding and unimpeachable process.

The total supply of LPG, which comes from oil refineries, gas producing fields and import, stood at 570,308 tonnes during the year 2007-08.

The share of refineries, gas fields and imports was 186,487 tonnes, 362,159 tonnes and 21,662 tonnes respectively.

www.TurkishMaritime.com.tr

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