LNG

Directs Petroleum Division to utilise full capacity of second LNG terminal

Idle capacity at second LNG terminal estimated at 53% for 2019

This may further reduce the RLNG availability to only 400 mmcfd

Is teaming up with Chinese companies to introduce ‘virtual pipeline’ concept

NAB summons Abbasi on February 19

Construction to begin in first quarter of 2019, start-up date set for 2024

It will help in refining and storing imported oil for transportation to China

Will also seek downward revision in gas import price during Doha’s trip

Says lack of coordination amongst them led to shortfall

Power producers reluctant to give firm LNG supply orders because they consume oil

Becomes second Netherlands company to invest in Engro businesses in two years

Approves network code in haste to tackle gas shortages.

Operating at 105% of the capacity at its LNG import and regasification terminal

Resources should be diverted to better opportunities which may have larger impact on economic activity

LNG import bill will go down by around 5% against total imports of $2b per annum

Move likely to benefit furnace oil mafia during winter

Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan says SC, NAB looking into LNG deal with Qatar

NEPRA, OGRA should be merged to create big resource pool, enhance efficiency

Province charges 1.15% development cess on all LNG imports

Gas import can be avoided as much as possible if country has alternatives

Says agreement has been struck at rates that are higher than India’s

Tasks Ministry of Maritime Affairs to conduct cost-benefit analysis

Associated Group chairman says competition will bring down LNG prices

Does not give nod for inking amended deal, saying Ankara is not an LNG exporter

Says text of contracts provides for renegotiations only through this way

After that, they will begin commercial operations

Earlier, cabinet decided to conduct an audit and renegotiate terms with LNG terminal operators

Sindh governor to head committee to ensure proper use of development funds for Karachi

Decision comes after allegations that terminals are getting a higher rate of return

Public sector companies are reluctant to import LPG due to price fluctuations

Members ask why the terminal was built when it is being underutilised

Pakistan and KSA expected to sign an MOU at the end of the visit

Earlier, the industry was anticipating a shortfall of 400,000 tons

It comes following global oil price recovery, less reliance on oil-based power plants

Will save around $2.6b by substituting furnace oil with LNG

Have so far got 4 deadline extensions for upgrading plants, but are still receiving the duty

Country may face more cases in global court as new govt plans to examine CPEC contracts

Incoming govt will face daunting task of paying billions in capacity charges

Washington threatens 25% tariffs on $200b in China goods

Work was to commence in May this year, but PML-N govt could not press on with the plan

Meant to help country finance LNG imports that have grown in recent years

LNG terminal may remain under-utilised; terminal fee may go up

If cost increases, exporters are unable to pass the impact on to consumers

Overall, consumers will bear an additional burden of Rs6.5 billion

Termed company’s price proposal competitive for the fast-track project

Accordingly, OGRA has set higher tariff for SNGPL and SSGC consumers

Interim report says TAPI, IP gas line projects cannot be undertaken due to security issue

Power Division fails to reveal actual demand for cheaper LNG fuel from power producers

Development comes as economic risks heighten due to falling foreign currency reserves

These are expected to save billions of rupees for the country