Govt to grant LNG terminals’ capacity to private sector
Business
December 18, 2020
ISLAMABAD: In a major move to gradually deregulate gas tariffs, the state-run liquefied natural gas (LNG) importer on Thursday expressed intention to grant capacity to the private sector – a decision that had so far been pending due to acquisition of surplus capacity of LNG terminals by the government.
A representative of Pakistan LNG Limited (PLL) said they could not award any capacity due to the public sector’s high gas demand.
The government will re-advertise the granting of capacity to the private sector in February or March 2021, the official said during a public hearing at the Oil and Gas Regulatory Authority (Ogra).
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OGRA grills firms seeking LNG licences
Regulator questions about contracts with suppliers, customers, capacity allocation
LNG PHOTO: FILE
ISLAMABAD:
The Oil and Gas Regulatory Authority (Ogra) on Thursday raised a set of questions regarding documents of agreements of Energas, which is seeking a licence for sale and marketing of regasified liquefied natural gas (RLNG).
The regulator questioned about contracts with LNG suppliers, customers, capacity allocation, timeframe of imports and volume of gas.
During a public hearing, it was noted that Energas and Tabeer Energy required capacity allocation of an operational terminal for sale and marketing of LNG.
Energas and Tabeer Energy had submitted an application seeking licence for sale and marketing of LNG. The two companies are also setting up LNG terminals in Pakistan.