LNG consumers charged Rs473m illegally in 7 months
August 4, 2021
ISLAMABAD: The government has charged almost $2960,000 (Rs473 million) illegally from LNG consumers in last seven months in the name of margin of PLTL (Pakistan LNG Terminal Limited) despite its merger into Pakistan LNG Limited (PLL) on Jan 1, 2021.
The PLTL Board of Directors has been abolished and there is no MD (Managing director) and CFO (Chief Financial Officer) of the PLTL in place since its merger.
Interestingly, the government is found to have charged LNG consumers in the last seven months in the name of the PLTL margin being part of LSA (LNG Services Agreement) Management Fee that stands at $0.025 per MMBTU.
Rs473m charged illegally from LNG consumers in seven months
August 4, 2021
ISLAMABAD: The government has charged almost $2,960,000 (Rs473 million) illegally from LNG consumers in the last seven months in the name of margin of PLTL (Pakistan LNG Terminal Limited) despite its merger into Pakistan LNG Limited (PLL) on Jan 1, 2021.
The PLTL Board of Directors has been abolished and there is no MD (Managing director) and CFO (Chief Financial Officer) of the PLTL in place since its merger. Interestingly, the government is found to have charged LNG consumers in the last seven months in the name of the PLTL margin being part of LSA (LNG Services Agreement) Management Fee that stands at $0.025 per MMBTU.
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