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
SNGPL not included in forensic audit
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SNGPL not included in forensic audit of state-owned enterprises
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LHC rejects industries plea, allows Ogra to recover arrears - Newspaper
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ISLAMABAD: Taking a principled stance, the Oil & Gas Regulatory Authority (Ogra) has declined to attend meetings of the Ministry of Energy on sub judice regulatory matters.
A senior official at the Petroleum Division of the Ministry of Energy told Dawn that the regulator had taken a written position that it was not available for meetings on statutory regulatory matters. “Ogra [the regulator] is constrained to recuse itself from attending any such meetings,” the official quoted an Ogra communication as saying.
Informed sources in Ogra said the regulator had been receiving repeated letters almost on a daily basis from the petroleum and power divisions of the energy ministry on the issue of its determination of the gas companies’ revenue requirements for 2021 that had not gone well with the gas companies and the Petroleum Division.