Pakistan wins LPG terminal case in permanent court of arbitration

Pakistan has won the LPG terminal case in Permanent Court of Arbitration after its three years proceedings.This was stated by Minister for Petroleum Shahid Khaqan Abbasi while addressing a news conference in Islamabad on Wednesday.

The Minister said the court rejected the claim worth 573 million dollars against Pakistan by Mauritius company Progas and former Iraqi prime minister’s brother Ali Allawi.He said the parties will pay Pakistan expenditures of eleven million dollars along with interest, if not paid within seven days.

Progas company had installed a terminal for import of liquefied natural gas in 2004, which was closed in 2008. Banks sold the terminal in 2011 for receiving their loans, and Sui Southern Gas bought it. The company had the stance that the terminal was shut due to the decisions of Pakistan Government.

To a question, the Minister said fifty thousand new gas connections will be given this year and the cabinet will soon take a decision to this effect.He said gas is being supplied to all the sectors according to their demand. He said supply of gas in the coming winter will be better.He said the prices of gas are not being increased.

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