Tuesday , December 6 2016
Breaking News
Home / Business / Planning to buy LNG on inflated rates

Planning to buy LNG on inflated rates

Lahore:Government is planning to buy LNG on inflated rates under the garb of resolving energy crisis.
According to reliable sources,all rules and regulations have been relaxed for the import of 500 million cubic feet of LNG per day under a long-term contract.Pakistan will have to pay some five million dollars daily for fifteen years while politicians will get some Rs 400 billion in kickbacks if the deal to import LNG from Qatar on hefty rates is finalised.Secretary Petroleum Muhammad Ejaz Chaudhry has been fired for resisting the deal while efforts are underway to tame Oil Gas Regulatory Authority (Ogra) which has also opposed the deal,the sources revealed.
Pakistan Economy Watch SVP Abdullah Tariq has criticized the project and has said that the ministers who are uneasy over letters from Ogra against LNG import want the department dissolved or brought under the control of the petroleum ministry.

About Our Staff Reporter

Leave a Reply

Your email address will not be published. Required fields are marked *

*

CAPTCHA * Time limit is exhausted. Please reload the CAPTCHA.

Scroll To Top
Translate »