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.
The Sui Northern Gas Pipelines Ltd (SNGPL) is allegedly delaying the approval of an agreement meant for accessing its distribution network by a consortium formed to import LNG and supply to several member stations of the All Pakistan CNG Association (APCNGA) in Punjab. Dawn/File
LAHORE: The Sui Northern Gas Pipelines Ltd (SNGPL) is allegedly delaying the approval of an agreement meant for accessing its distribution network by a consortium formed to import LNG and supply to several member stations of the All Pakistan CNG Association (APCNGA) in Punjab.
The delay is being seen as a move to stop private parties, especially the CNG sector, from importing LNG independently and instead keeping them dependent on the SNGPL for getting supplies to gas stations in the province,
• Customs duty on cotton yarn imports withdrawn
• Kapco removed from privatisation list
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday exempted three Punjab-based power plants of 3,900 megawatts from compulsory purchases of liquefied natural gas (LNG) quantities from January 2022, removed a major power plant from privatisation list and withdrew customs duty on import of cotton yarn.
The meeting presided over by Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar also approved a Rs11.7 billion supplementary grant for financing four mother and child hospitals in Punjab.
Already cleared by the Cabinet Committee on Energy (CCoE) in September last year, the Power Division presented a summary regarding waiver of minimum 66pc take-or-pay commitment in Power Purchase Agreements (PPAs) and Gas Supply Agreements (GSAs) of three RLNG-based public sector power plants. Located in Punjab, these plants included Quaid-e-Azam Ther
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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