No planned gas load shedding in the Country: Ministry
December 21, 2020
ISLAMABAD, Pakistan: The Ministry of Energy (Petroleum Division) has said that there is no planned gas load shedding for the Domestic, Commercial or Industrial Sector anywhere in the Country.
However, isolated complaints of pressure drops are being reported especially at tail ends due to severe cold weather, are being attended by gas utilities actively.
With reference to a press report which states, one Liquefied Natural Gas (LNG) Cargo that was scheduled to arrive on December 18 has delayed at the loading port & is now scheduled to arrive today (Monday).
This will allow both Sui Companies to enhance LNG Supplies from tomorrow which is expected to improve the system pressure.
Pakistan to import LNG at $6.34 per mmbtu
Government plans to import 30% more fuel than Jan 2018 next month
Market sources were of the view that it was a good decision by the regulator as it would open new avenues of private invest-ment in the LNG sector. PHOTO: FILE
KARACHI:
In the wake of heavy criticism for losing a lifetime opportunity to import liquefied natural gas (LNG) at exceptionally low price, the government announced import of 30% more fuel during the peak winter month of January 2021 at the price of $6.34 per mmbtu - which it claims is the cheapest ever.
LNG has emerged as a lifeline for the nation particularly during winters when households utilise it to operate heater and geysers as the mercury drops to freezing temperatures in many parts of the country. With decline in production of fuel from the local fields and no major discovery being made during the past one decade, the country has resorted to imports.
Ogra rejects petrol crisis report, says did its job
Officials said they did everything against OMCs under the law SAMAA | Wahab Kamran - Posted: Dec 19, 2020 | Last Updated: 3 months ago SAMAA | Wahab Kamran Posted: Dec 19, 2020 | Last Updated: 3 months ago
People stand in a queue in Karachi May 1 as the government has reduced petrol prices in Pakistan for May on the recommendation of the Oil and Gas Regulatory Authority during the lockdown. Photo: Online
The Oil and Gas Regulatory Authority has rejected the inquiry commission report on the petrol crisis and are preparing a response.
It has been accused of turning a blind eye to the petrol crisis in June, and not properly fining oil companies for breaking the rules.
Govt forms body to address SSGC’s concern
Committee mandated to resolve RLNG losses issue in consultation with stakeholders
PHOTO: FILE
The government has constituted a committee to address Sui Southern Gas Company’s (SSGC) repeated claim of recovering RLNG losses worth Rs7.7 billion from consumers of imported gas after the Oil and Gas Regulatory Authority (Ogra) rejected the claim.
“As per directives of the adviser on finance and revenue, a two-member committee comprising Ministry of Finance secretary and Ministry of Energy (Petroleum Division) secretary has been mandated to resolve the issue in consultation with the stakeholders,” SSGC stated in a detailed report sent to the Pakistan Stock Exchange (PSX) on Tuesday.
The commission’s 163-page report also estimated over Rs250 billion worth of oil smuggling from Iran and noted that a wide range of operations in the oil sector were against law and rules, operating in vacuum and without any check and balance. ─ Reuters/File
ISLAMABAD: Hurling scathing allegations at the entire oil supply chain, from policymakers to regulators and market players down to retail outlets, the 15-member Inquiry Commission on the June petroleum crisis has recommended departmental proceedings against top hierarchy of the petroleum division, dissolution of the Oil and Gas Regulatory Authority (Ogra) and a halt to the operations of refinery and oil marketing company Byco.