Private LNG Terminal Developers Demand Waiver of Certain Regulatory Requirements
Private sector entities engaged in setting up liquefied natural gas (LNG) terminals have sought guarantees and waivers from certain obligations and regulatory approvals.
The government has allowed five parties in the private sector to set up more LNG terminals. However, it has been made clear that the government will not bear any financial risk, which exists with the already existing public sector LNG terminals.
Simultaneously, the existing LNG terminals also have plans to replace the Floating Storage and Regasification Unit (FSRU) without financial risk for the government.
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The setting up of new LNG terminals has been delayed as the developers seek to win a waiver from the commitments, included in the implementation agreement (IA). They have reached out to the Port Qasim Authority (PQA) and the government for this purpose.
May grant approval to two firms for sale and marketing of LNG
Government may overcome gas crisis but mismanagement in LNG imports will trigger another debt crisis in coming months. PHOTO: FILE
ISLAMABAD:
The Oil and Gas Regulatory Authority (Ogra) is set to conduct a public hearing on Thursday for the grant of licences for sale and marketing of liquefied natural gas (LNG) to two companies.
Subsidiaries of Energas and Tabeer Energy have submitted applications, seeking licence for sale and marketing of LNG.
However, different quarters have raised questions and said the licences, if allowed, will be like oil marketing companies’ licences without having storages. At present, these companies do not have storages as they are under the process of constructing LNG terminals. The storage is a mandatory requirement for companies seeking licence for sale and marketing of LNG.