liquefied natural gas

Objects to participation of only Islamic banks in the process

PTI govt gives 3 of them to Naya Pakistan Housing Authority for building low-cost units

Formula includes costs of local and imported gas that will help overcome shortage

Approves formation of high-level panel for distribution of net hydel profit

Country has over 20% surplus after meeting domestic demand of 5.8m tons

Govt will continue to import LNG to meet demand

Power Division claims decision will place extra burden of Rs471b on consumers

Spot market has developed; its prices are now lower than long-term contract prices

Will join hands with a consortium that has sought letter of intent from PQA

Argues it cannot award contract in absence of firm LNG demand from SNGPL

Companies reach milestone of the world’s fastest 250 ship-to-ship transfers of LNG

It will create more panic among investors, bring more discredit to govt

Move comes just days ahead of visit of foreign investors interested in the plants

Policymakers must focus on increasing global competitiveness of domestic firms

New floating storage unit will have higher LNG handling capacity

Drops plan of giving terminal-building contract to a firm under urgency clause

Claims increasing gas rates was never a demand of IMF

Investigation against officials of foreign and interior ministry also to be started

Land-based terminals, FSUs and small LNG carriers may be utilised

Minister says corrupt practices of previous government led to an increase in gas and electricity prices

With fresh supply, the second LNG terminal starts functioning at Port Qasim

Will invest $120m and consume imported gas in their manufacturing units

Committee recommended SNGPL to give two million gas connections

Energy ministry will seek trade deals without inviting bids