Hilly & remote areas: KP govt seeks PD’s permission to establish LPG company

Business Recorder reported that the Khyber Pakhtunkhwa government has asked the Petroleum Division for permission to set up a provincial LPG company. The company would draw on the 10 percent LPG allocation set out in the LPG Policy for those localities, serving residents who need energy supplies there. The request came up at a Thursday meeting in Islamabad between Federal Petroleum Minister Ali Pervaiz Malik and KP Minister for Energy and Power Nazir Ahmed Abbasi.

The two ministers reviewed oil and gas supply, security for exploration and production work, and the energy problems facing the province. Both sides agreed that more exploration in KP would bolster national energy security and boost royalty income for the province. Abbasi acknowledged that security needs attention, promised full provincial cooperation, and pointed to a well success rate above the global average.

Malik briefed Abbasi on the oil supply situation and market volatility, and said pressure on the domestic energy sector is coming from international developments. He said the federal government is preparing a comprehensive plan, together with security forces, to protect exploration work in the province. Petroleum Division officials will share LPG allocation and supply details with the provincial government, and gas arrangements could be revisited once conditions ease.