Islamabad - The Pakistan Economy Watch (PEW) on Thursday said energy mix of Pakistan is being transformed in Pakistan which will have a positive impact on every sector of the economy.

The recently-introduced LNG policy is radically distinctive which will help balance energy mix, reduce dependence on oil and transform lives of millions of people while reducing inflation, oil import bill and pollution, it said.  Availability of LNG is set to grow but may not rise as fast as millions of consumers including operators of CNG stations would hope, said Dr. Murtaza Mughal, President PEW.

He said that LNG offers a clean as well as reliable alternative to coal, costly petrol, it is answer to the shortages of natural gas and its advantages as a transportation fuel are stronger than ever.  Eleven countries were importing LNG in 2010 with almost zero share in transportation but today 27 nations are importing it while 42 countries would be importing it by 2020 to run industry, cars, trucks, trains and ships due to strong incentive of the price gap, he added.

Mughal said that at present, about 80 percent of the world’s demand for transportation fuels are met by petrol but share of natural gas in the global energy mix edged up to 23 percent.