The Oil and Gas Regulatory Authority (Ogra) has allowed Sui Northern Gas Pipelines Limited (SNGPL) to increase the average price of gas by 2% for all categories of consumers for financial year 2020-21.
LNG supply chain in jeopardy as PLL defaults on payments
National
February 11, 2021
ISLAMABAD: In a shocking development, the 100 percent state-owned company, Pakistan LNG Limited (PLL), has defaulted with the United Bank Limited (UBL) on LNG payments, putting the LNG supply chain in jeopardy.
This appalling situation, which has emerged because of non-payment of dues of Rs61.2 billion by Sui Northern, has exposed PLL to an imminent default on future LNG supply. This irritating development was identified in Pakistan LNG Limited’s (PLL) letter of February 4, 2021 to Special Secretary of Petroleum Division Nadeem Irshad Kiyani. It mentions that receivables of PLL from Sui Northern Gas Pipelines Limited have increased to a whopping Rs61.2 billion. And because of non-payment by Sui Northern, its economic miseries have increased to a new high because of which it defaulted with UBL on LNG payments on February 3, 2021.
Gas price for Punjab and KP made dearer by 2pc
National
February 11, 2021
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has permitted the Sui Northern Gas Pipelines Limited (SNGPL) to increase its average gas price by Rs 13.42/MMBtu (or 2 percent) for the financial year 2020-21. The increase has been made over the existing average sale prices of Rs631.41 per MMBtu. The new price will be Rs644.84/MMBtu.The SNGPL had requested Ogra to increase Rs123 per MMBtu. The SNGPL is feeding consumers in Punjab and KP provinces.
The regulator announced the increase in gas prices in a decision issued on Wednesday. The federal government will make the final decision to pass on the different increases for different categories of consumers. The prices for domestic consumers have been lower compared to other consumers, who bear cross-subsidy.
RAWALPINDI: The residents of twin cities of Rawalpindi and Islamabad have been facing low gas pressure but the authorities seemingly have turned a deaf ear to the issue. More than 50 percent.