ISLAMABAD: Taking a principled stance, the Oil & Gas Regulatory Authority (Ogra) has declined to attend meetings of the Ministry of Energy on sub judice regulatory matters.
A senior official at the Petroleum Division of the Ministry of Energy told Dawn that the regulator had taken a written position that it was not available for meetings on statutory regulatory matters. “Ogra [the regulator] is constrained to recuse itself from attending any such meetings,” the official quoted an Ogra communication as saying.
Informed sources in Ogra said the regulator had been receiving repeated letters almost on a daily basis from the petroleum and power divisions of the energy ministry on the issue of its determination of the gas companies’ revenue requirements for 2021 that had not gone well with the gas companies and the Petroleum Division.
AHMEDABAD: Pakistan and Bangladesh are rationing gas and buyers across South Asia are seeking alternative fuels after spot liquefied natural gas (LNG) prices surged to record highs, government and industry officials told Reuters.
Spot LNG prices LNG-AS have nearly tripled since early November as freezing temperatures across North Asia boosted demand and depleted inventories. Since July, prices are up a dizzying 1,000 per cent.
Gas-fired power plants and industries across the region are scrimping on gas, with the scramble for other fuels driving up demand for liquefied petroleum gas (LPG) and residue oil.
In Pakistan, which is more reliant on spot LNG imports for its winter needs, gas use for industry is being limited to certain hours and industry executives have warned the situation has become critical.
AHMEDABAD: Pakistan and Bangladesh are rationing gas and buyers across South Asia are seeking alternative fuels after spot liquefied natural gas (LNG) prices surged to record highs, government and industry officials told Reuters.
Spot LNG prices LNG-AS have nearly tripled since early November as freezing temperatures across North Asia boosted demand and depleted inventories. Since July, prices are up a dizzying 1,000 per cent.
Gas-fired power plants and industries across the region are scrimping on gas, with the scramble for other fuels driving up demand for liquefied petroleum gas (LPG) and residue oil.
In Pakistan, which is more reliant on spot LNG imports for its winter needs, gas use for industry is being limited to certain hours and industry executives have warned the situation has become critical.