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July 3, 2021 ISLAMABAD: Amid the gas crisis across the country, Pakistan Gas Solutions Limited (PGSL) has once again come up with its offer of fast track gas availability of up to 750 mmcfd in 10 months if the government gives a go ahead for initiating construction work on its second LNG terminal of$500 million at Port Qasim. The second LNG terminal by the Pakistan Gas Port Limited (PGPL), in collaboration with Fauji Oil Terminal Distribution Company Ltd (FOTGO), will be established at Mazhar Point, Port Qasim. “The project, upon commissioning, shall be saving around US$ 1 billion per annu...

July 3, 2021 ISLAMABAD: Amid the gas crisis across the country, Pakistan Gas Solutions Limited (PGSL) has once again come up with its offer of fast track gas availability of up to 750 mmcfd in 10 months if the government gives a go ahead for initiating construction work on its second LNG terminal of$500 million at Port Qasim. The second LNG terminal by the Pakistan Gas Port Limited (PGPL), in collaboration with Fauji Oil Terminal Distribution Company Ltd (FOTGO), will be established at Mazhar Point, Port Qasim. “The project, upon commissioning, shall be saving around US$ 1 billion per annu...

Revised IPP deal likely to win CCoE nod today Cabinet panel to consider Power Division’s proposal to pay Rs399 billion to IPPs; variations made in MoU IPPs will implement the MoU with the receipt of power purchase dues of around Rs600 billion. PHOTO: REUTERS ISLAMABAD: Independent Power Producers (IPPs) seem to be the winner in a revised deal with the government as they are set to receive Rs399 billion along with continuation of the tariff and capacity payments with the US dollar indexation. The Cabinet Committee on Energy (CCoE) will meet on Monday [today] to give the goahead to a deal wi...