{
  "id": 7569040,
  "title": "Gastech 2026: Pakistani company invites investment for gas storage, pipeline networks at Bangkok show",
  "url": "https://urgent.news/2026/09/15/gastech-2026-pakistani-company-invites-investment-for-gas-storage",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-15T14:15:59.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2030129/gastech-2026-pakistani-company-invites-investment-for-gas-storage-pipeline-networks-at-bangkok-show"
  },
  "original_language": "en",
  "account": "Bangkok - A Pakistani private gas firm, Universal Gas Distribution Company (UGDC), showcased its investment opportunities in gas storage and pipeline networks at the Gastech 2026 conference held in Thailand. This marked Pakistan's first presence at the exhibition, which attracted 150 countries among 1,000 exhibiting companies. UGDC's participation included setting up a stall beside global energy leaders such as ExxonMobil, Shell, ConocoPhillips, Petronas, and Sinopec. The company has proposed the establishment of a separate distribution network to supply gas at lower rates to consumers, currently provided at higher tariffs by state-owned gas distribution companies. UGDC's CEO, Ghiyas Abdullah Paracha, highlighted the government's policy to allow 35% of gas output from exploration and production firms to private parties, which aims to deregulate gas distribution. He also expressed gratitude to Prime Minister Shehbaz Sharif and Petroleum Minister Ali Pervaiz Malik for opening the industry to the private sector, enabling UGDC to invite foreign investments. Paracha further mentioned plans to transform Pakistan's energy market by attracting foreign direct investment, constructing targeted pipeline infrastructure for high-volume industrial units and residential schemes, and implementing short-term and long-term LNG import deals to address seasonal supply shortages and pressure fluctuations. UGDC seeks to reduce gas losses and improve business practices by integrating modern technology, AI optimization, and low-carbon solutions. The company's presence at the exhibition is viewed as a significant step in Pakistan's global business landscape.",
  "summary": "BANGKOK: A private gas company represented Pakistan at Gastech 2026 conference on Tuesday, pitching investment options for urban gas storage and targeted gas pipeline networks in load centres as an alternative to existing gas networks of state-owned entities with significant system losses. The Universal Gas Distribution Company’s (UGDC) participation in Gastech 2026 — a global exhibition for…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}