LNG

Government unable to take decision regarding excess capacity of LNG terminal

Will look into import of expensive gas, hurdles faced by private sector

PLL asked for details regarding procurement and contracts of LNG

PSO informs regulator it has already cancelled tender

Shehbaz says report validates opposition’s claim of alleged embezzlement in procurement of LNG

The report said the pipeline was essential to smooth, uninterrupted supply of gas to consumers at affordable prices

Though investors are ready, there is uncertainty about customers and allied infrastructure

Collects $47.5 million CDC meant for widening the channel to berth

Consumers continue to bear burden of expensive cargoes

CCOE expected to give exemption to ease pressure on SNGPL pipeline network

Monopoly of state-run firms, no utilisation of idle terminal capacity put additional burden

IGU says increase mostly driven by spike in exports from US, Australia

SAPM informs ADB about progress on reforms in petroleum sector

Any advance long-term pipeline capacity allocation will be violation of principles

Have sought guarantees and exemption from regulatory approvals

Secretary tells Senate panel on petroleum it will ensure smooth supply

Aims to attract viable suppliers for LNG import at competitive rates

Let us face reality! Pakistan being less than 2% of the global LNG trade, we do not move the market

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

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

Private sector to introduce this concept through cryogenic bowzers

Licences allow companies to utilise idle capacity of LNG terminal

Seeks offers from private sector to allocate idle capacity for short term

Says he had presented complete production and consumption data of June 2020 of Sindh in the meeting of CCI in August

PLL gets all-time highest bid at 32.48% of Brent to secure cargoes

Despite challenges, business groups are seeing LNG trade as an opportunity

Members say no data available to confirm benefits to economy if incentives offered

Regulator questions about contracts with suppliers, customers, capacity allocation

May grant approval to two firms for sale and marketing of LNG

Court makes documents part of record; adjourns hearing till Dec 22

Qatar Petroleum Trading Company aims to build diversified global portfolio

Claims gas shortage is a result of Centre failing to place orders for LNG procurement in time

Accountability court summons three NAB witnesses on Nov 19

US giant had partnered with Energas for setting up terminal in Pakistan

Will utilise excess capacity of terminal, help overcome gas shortage

Omar Ayub says Sindh’s production had already dropped by 7%; urges early decision on weighted average cost

Cabinet approves package under which industries will receive LNG at Rs930 per unit

It will spark competition, push down gas prices, reduce govt’s financial risk

Govt opens market for private sector to reduce financial risks

Minister says move will bridge gap between supply, demand of commodity

Govt has permitted LNG import by private sector to utilise capacity of 2nd terminal

Govt may keep prices static for domestic consumers and tandoors

Citizens suffer as politicians, K-Electric, SSGC all point to each other

Petroleum Division also suggests price deregulation, subsidised LPG supply to poor

CCOE decides to remove 66% offtake condition for power plants from Jan 2022

It will come after reduction in rate of return for power projects