Industries obtain stay from SHC on audit of plants’ energy efficiency

Aims to attract viable suppliers for LNG import at competitive rates

Has multiple plans in place to complete transfer of shares to Chinese company

Secures one cargo for February at lowest rates in fresh tender from Qatar Petroleum Trading

Insists imported gas supply should be based on competitive market mechanism

Move will divert 150mmcfd of gas to add cheaper electricity to national grid

Starts litigation after state company began deducting excess payments

Petroleum Division apprises CCoE no construction work has yet been initiated

Dealers who declined to supply gas include state-run entities and major international LNG traders

Suppliers refuse provision in light of recent hike in gas prices by the government