Jun 9, 2021
KARACHI: The Oil and Gas Regulatory Authority (Ogra) on Wednesday revised prices of imported Liquefied Natural Gas (LNG) for the month of June, ARY News reported.
According to a notification issued by the regulator, per unit price of imported LNG has been increased by $0.08 to $10.3326 for Sui Northern Gas Pipelines Limited (SNGPL).
Whereas, the rate of imported LNG has been hiked by $0.57 to $10.0497 per MMBTU for Sui Southern Gas Company (SSGC).
In May, imported LNG on networks of SNGPL cost $10.252 per MBBTU while on the SSGC system $9.477 per unit.
LAHORE: The power sector is becoming increasingly unsustainable and the state is compounding the conundrum by covering up its failure to rapidly industrialise, while it blames higher capacity.
Daily Times
June 5, 2021
The Oil and Gas Regulatory Authority (OGRA) has postponed the public hearings, scheduled for June 7 and June 9, to determine Sui companies’ estimated revenue requirements (ERR) and prescribed price of gas for the fiscal year 2021-22. In a statement on Friday, OGRA Spokesperson Imran Ghaznavi said that new date of hearings on the petitions of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) would be announced by the authority through national dailies in due course of time.
Earlier, the SNGPL and SSGC have sought an increase in the revenue requirement of Rs857.40 and Rs109.78 per million British thermal unit (MMBTU) respectively with effect from July 1, 2021.
Economy nosedived during PTI regime dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
LNG consumers pay extra $99m
Monopoly of state-run firms, no utilisation of idle terminal capacity put additional burden
According to officials, Pakistan can save and earn around Rs78 billion a year if the government allocated 200 mmcfd of terminal and pipeline capacity to private sector companies. PHOTO: AFP
ISLAMABAD:
The efforts made by state-run gas companies to maintain their monopoly over the liquefied natural gas (LNG) market have put an additional burden of $99 million on gas consumers for the idle terminal capacity.
The issue seems to be more serious compared to the capacity payments made to independent power producers (IPPs).
Though the private sector has been ready to utilise the idle terminal capacity for the past five years, the state-owned gas companies want to keep control of the LNG market.