On the auspicious occasion of ground breaking ceremony of Jamshoro LPG Extraction Plant, I Congratulate all Joint Venture partners of the project for their untiring efforts, which has made it possible to commence construction work of the project.
It gives me a great pleasure and satisfaction to know that the project is expected to increase the indigenous LPG production by 45%.
It is a step forward towards self-reliance in LPG and would motivate other players to invest in this vital petroleum sector.
This is one of the reasons the government is taking this mega endeavour as a promise of an economically vibrant Pakistan.
Jamshoro Joint Venture project is indeed, a vital project in the mid stream of the Petroleum sector of the country. It involves an investment of US$ 31 Million and is truly reflective of investment friendly policies of the present government and confidence of the investors on the Government policies.
In fact to boost investor's confidence, the government has taken a bold step by deregulating LPG allocation, and its prices both at producer and consumer level.
Now all LPG producers are free to allocate LPG to any party as they wish, while remaining within the framework of LPG (P&D) Rules 2001.
Similarly, all credible LPG companies are free to develop integrated projects of LPG production, import terminal, storage facilities, inland transportation, depots, and retail marketing without requiring any guarantee or permission from the government except licence, which is issued by the concerned Regulatory Authority.
JJVL is a revolutionary project having strong environmental and social benefits. It will contribute towards development of the area and will generate indirect employment for 2000 persons.
The potential LPG users, residing in far-flung and remote areas will benefit from the enhanced availability of this deficient product, as marketing company would make all out efforts to explore and capture virgin markets located in such areas.