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LNG deal: favourable or not
Besides energy supply, agreement will pave way for trade boost, manpower export
LNG PHOTO: FILE
ISLAMABAD:
Two major industries around the world – arms and energy – have continued to dominate for a long time and have driven diplomatic and strategic relations between different countries.
Energy diplomacy leads to interdependence on each other. Energy trade is not only confined to commercial business but it also provides opportunities for countries to expand their footprint in foreign markets.
Traditionally, the oil lobby has been powerful around the world for decades. However with changing energy dynamics, a liquefied natural gas (LNG) lobby is emerging rapidly as several countries are increasingly using LNG as a tool to capture markets as well as develop diplomatic and strategic relations.
National
January 1, 2021
ISLAMABAD: Under the Third Party Access (TPA) rules, the government has once again asked the private sector to import LNG by using the unutilized capacity of the government against 600 mmcfd (million cubic feet per day) available at PGPL LNG terminal and to this effect Pakistan LNG Limited has issued an advertisement to national dailies, seeking the interest of private sector companies to utilise the government’s capacity, a senior official at the Petroleum Division told The News.
The government has apparently issued the ad offloading its capacity for six months, but for the first three months i.e. February, March and April of the calendar year 2021, the capacity to import LNG in the range of 100-250 mmcfd will be offloaded to the private sector as per the cabinet decision. However, for the next three months, the interest of private sector companies will be gauged for future planning, industrial sources also confirmed this to The News.
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