The Federation of Pakistan Chambers of Commerce and Industry on Sunday welcomed the decision of the foreign investors to invest heavily in supplying the LNG to Pakistan and pour millions of dollars in the infrastructure. "The interest of foreign investors proves transparency and success of the project which can be attributed to the efforts of Prime Minister Shahid Khaqan Abbasi, who is changing energy landscape of the country", it said.
Atif Ikram Sheikh, Chairman FPCCI Regional Committee on Industries disclosed that a Japanese company specializing in gas-value-chain business wants to invest in the infrastructure with the partnership of a Singapore-based firm which is very encouraging. Japanese company Mitsui aims to further expand its presence in the gas business in the newly emerging LNG markets like Pakistan and it has promised to deliver a key energy infrastructure project of high national importance, Sheikh claimed.
Atif Ikram Sheikh, who is also running for the vice presidency of FPCCI for 2018, said that effort of the PM Abbasi is a beginning of regular gas supplies which will reduce the gap between supply and demand of the gas.
The government will transform national energy landscape by starting to balance energy mix which is very heavily tilted towards oil, he said. The industry is pinning hopes as LNG will revive power sector and industry while salvaging CNG industry in Punjab, he added.
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