LPG output increased by 400 tonnes in three years

[LahoreEstate]

Tuesday, May 26, 2009
ISLAMABAD: The local production of Liquefied Petroleum Gas (LPG) has increased from 1,100 metric tons per day to 1,500MT during the last three years, due to investment friendly policies of the government and forward looking regulation by the Oil and Gas Regulatory Authority (OGRA).

Under the de-regulated pricing policy OGRA has simplified LPG licensing procedures, which helped in strengthening the supply of infrastructure and promoting environment conducive for competition.

OGRA’s regulatory structure involves monitoring of activities by LPG companies to ensure 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 5,000 authorised distributors. The total supply of LPG, which comes from oil refineries, gas producing fields and imports, stood at 570,308 tons during the year 2007-08.

The share of refineries, gas fields and imports was 186,487 tons, 362,159 tons and 21,662 tons respectively. However, according to sources there is a shortfall of 3,000 tons to ensure uninterrupted supply of LPG on prescribed rates. LPG Association of Pakistan (LPGAP) spokesman Fasih Ahmed appreciated governments’ efforts to further increase the production of LPG on fast-track basis.

http://www.thenews.com.pk/daily_detail.asp?id=179476