Daily The Business

No gas loadshedding during winter, decides ECC


By Our Staff Correspondent

ISLAMABAD: The Economic Coordination Committee (ECC) decided during a meeting on Tuesday that there will be no gas loadshedding in winter.
It was also decided that 150-200 mmcfd of regasified liquefied natural gas (RLNG) will be injected in the system to overcome the gas shortage.
Gas loadshedding, especially in Punjab and Balochistan, accompanies winter every year due to a shortage in the system. Every year authorities attempt to overcome the shortfall, yet the issue has persisted.
Participants of the meeting — which was chaired by Finance Minister Asad Umar — also decided to allow the Power Division to avail the Islamic Financing Facility by borrowing Rs38 billion.
ECC also approved the plan to issue Islamic bonds with an aim to scale down the circular debt of the country.
It also allowed Ministry of Energy to raise Islamic financing for power sector through Power Holding Private Limited.
The last meeting had discussed the issues relating to LNG terminal construction and the production of gas from the Dhok Hussain One Field. The ECC had approved a supply of 10 mmfc gas from Betam field and 12 mmfc Dhok Hussain One Field.

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