SIFC approves deal for resuming LPG production

The Special Investment Facilitation Council (SIFC) has approved a revised deal between Sui Southern Gas Company (SSGC) and Jamshoro Joint Venture Limited (JJVL) for resuming liquefied petroleum gas (LPG) production at the latter's plant in a bid to reduce Pakistan's energy import bill. The objective of the recent SIFC decision is to maximise production of LPG in the country. The resumption of JJVL operations will not only boost local supplies but it will also help to overcome shortage, especially in winter. In recent times, following closure of JJVL, Pakistan has been more reliant on LPG import, which also put pressure on foreign exchange reserves. Now, the SIFC has set a deadline of February 25 for SSGC board of directors, which is required to formally approve the decision of resuming operations at JJVL. However, sources said, the SSGC board has not taken any decision so far due to the absence of petroleum secretary, who is on an official visit to Azerbaijan.