Gas companies are reported to have opposed pipeline capacity on grounds that new terminals would take away their existing customers instead of securing LNG supply contracts with fresh consumers. Reuters/File
ISLAMABAD: The government has called a series of back-to-back meetings to facilitate allocation of pipeline capacity and tie-in points to new upcoming liquefied natural gas (LNG) terminals.
The issue would be first taken up at the meeting of the Cabinet Committee on Energy (CCoE) on Thursday. To be presided over by Minister for Planning and Development Asad Umar, the CCoE would be given an update by the Ministry of Maritime Affairs (MOMA) on the progress of establishment of new LNG terminals.
OGRA Awards Construction Licenses for LNG Terminals
The Oil & Gas Regulatory Authority (OGRA) has granted construction licenses to Tabeer Energy and Energas, Dawn News reported on Friday.
These licenses will be valid for 15 years and are concerned with the Liquefied Natural Gas (LNG) Terminals at Port Qasim. The terminals will be used to import, regasify, store, and supply LNG to the private customers of both companies.
The companies are likely to arrange LNG reports without any liability to the government. They will also be able to use the pipeline network of gas utilities that they had been unable to access until now.
Crippling energy crisis
All state-owned enterprises in the power and petroleum sectors must hire highly qualified professionals based on merit
The writer is a retired professional based in Karachi. He can be reached at [email protected]
Crippled with an overwhelming energy crisis, Pakistan is increasing its dependence on oil and gas, especially on imported LNG. The circular debt, currently standing at a colossal Rs2.3 trillion, is all set to cross Rs2.6 trillion by the end of the ongoing fiscal year. Reportedly, Rs1 trillion is owed by Sui Southern Gas Company Ltd (SSGCL) and Sui Northern Gas Pipelines Ltd (SNGPL) to Oil & Gas Development Company Ltd (OGDCL) and Pakistan Petroleum Ltd (PPL) which are the mainstay of oil and gas exploration and production in Pakistan. This cheap indigenous source of energy is almost half the price of imported LNG, the use of which is increasing in Pakistan. This is placing a heavy financial burden on our limited foreign exchange reserves and holdi
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