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LNG consumers charged Rs473m illegally in 7 months


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. ....

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Rs473m charged illegally from LNG consumers in seven months


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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ECC exempts three Punjab power plants from LNG purchase - Newspaper


• Customs duty on cotton yarn imports withdrawn
• Kapco removed from privatisation list
ISLAMABAD: The Economic Coordina­tion Committee (ECC) of the Cabinet on Wednesday exempted three Punjab-based power plants of 3,900 megawatts from compulsory purchases of liquefied natural gas (LNG) quantities from January 2022, removed a major power plant from privatisation list and withdrew customs duty on import of cotton yarn.
The meeting presided over by Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar also approved a Rs11.7 billion supplementary grant for financing four mother and child hospitals in Punjab.
Already cleared by the Cabinet Committee on Energy (CCoE) in September last year, the Power Division presented a summary regarding waiver of minimum 66pc take-or-pay commitment in Power Purchase Agreements (PPAs) and Gas Supply Agreements (GSAs) of three RLNG-based public sector power plants. Located in Punjab, these plants included Qu ....

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