Islamabad: Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt today said discouraging transport sector is hitting LNG policy, which must be taken seriously by the policymakers.

Minor changes in the LNG policy could help country reduce energy shortage and save billions of dollars besides reducing pollution, said a press statement issued today. Butt said that LNG is suited for transport sector, to replace the costly petrol which can help country save billions. Zahid Hussain asked the policymakers to pay more attention to LNG, as its price will slide in the summer 2015 while there is no chance of notable price hike in the next decade, as world’s degasification capacity is set to get a boost of 75 percent in the next 5-7 years.

Country can save 30 percent in fuel import bill if LNG gets a policy support, he said. Pakistan’s energy requirement will be equal to 177 million tons of oil, which call for meaningful actions.