KUALA LUMPUR (Feb 17): Based on corporate announcements and news flow today, companies in focus on Thursday (Feb 18) may include: Kuala Lumpur Kepong Bhd (KLK), Mr DIY Group (M) Bhd, Uzma Bhd and MGB Bhd.
National
February 16, 2021
ISLAMABAD: In a new development, one of the leading private players in the LNG sector, the PGPCL (Pakistan Gas Port Limited), has sought allocation of pipeline capacity for transmission of 150mmcfd of RLNG on a three-month rolling basis.
The PGPL has written a letter to OGRA, seeking the pipeline capacity allocation keeping in view the latest decision taken by the Cabinet Committee on Energy (CCOE) on February 4, 2021. The CCOE decided that in order to provide fair and level playing field to the new LNG terminal, the existing available capacity in the pipeline will be allocated to any applicant, meeting the requisite criteria for three-month rolling basis till such time the new terminals achieve commercial operations date (CoD). As per the letter to OGRA, the Pakistan GasPort Limited (PGPL), the owner of PGP Consortium Limited (PGPC), has placed the request seeking for the pipeline allocation capacity of 150mmcfd on a three-month rolling and on a take-o
National
February 16, 2021
ISLAMABAD: In a new development, one of the leading private players in the LNG sector, the PGPCL (Pakistan Gas Port Limited), has sought allocation of pipeline capacity for transmission of 150mmcfd of RLNG on a three-month rolling basis.
The PGPL has written a letter to OGRA, seeking the pipeline capacity allocation keeping in view the latest decision taken by the Cabinet Committee on Energy (CCOE) on February 4, 2021. The CCOE decided that in order to provide fair and level playing field to the new LNG terminal, the existing available capacity in the pipeline will be allocated to any applicant, meeting the requisite criteria for three-month rolling basis till such time the new terminals achieve commercial operations date (CoD).
Pakistan Gas Port Limited (PGPCL) has sought the allocation of pipeline capacity for the transmission of 150 mmcfd of Re-gasified Liquefied Natural Gas
The LNG trilemma
Recent debates in Pakistan over imported liquefied natural gas (LNG) have remained mostly political rather than professional. Unfortunately, energy czars like Shahid Khaqan Abbasi and Nadeem Babar focused on political point-scoring instead of finding solutions.
In fact, Pakistan has operated its gas system inefficiently and burnt its scarce molecules rather recklessly for decades. Energy issues remain more basic in nature like the risk of continued shortages, lack of reliability, affordability of gas and sustainability of economic growth largely fuelled by energy. Simply put, we’ve an energy trilemma at hand: security, sustainability and affordability.
Gas has been the backbone of the energy sector. However, indigenous sources of supply have not grown proportionate to demand. The recent addition of LNG has transitioned the gas sector from an enclosed self-sufficient market to one exposed to the realities of the global market. The shift has been abrupt and will c