Task force formed to address LNG import issues

It will serve as a one-stop shop for importers.


Express July 19, 2011

ISLAMABAD:


The Ministry of Petroleum and Natural Resources has decided to establish a task force, headed by the secretary petroleum, in a bid to provide incentives to liquefied natural gas (LNG) importers and facilitate the implementation of gas import projects.


The task force will act as a one-stop shop to address all issues concerning LNG import, including interpretation of policies and regulations.

The decision was taken in a high-level meeting here on Tuesday, chaired by Petroleum Minister Dr Asim Hussain, which discussed LNG import issues. It was decided that LNG importers would be facilitated under the one-window operation and comprehensive facilities would be provided. First-come-first-served principle will be adopted and bidders will be allowed to participate in partnerships. Successful bidders will have to find LNG buyers by themselves, however, the government will facilitate the efforts.

Issues relating to pipeline system, pricing and minimisation of wastage were also discussed.

Hussain said the government was committed to facilitating and providing equal opportunities to LNG suppliers and the ministry would ensure a level playing field was provided so that the beneficial impact trickled down to the common man.

Sui Southern Gas Company (SSGC) has received interest from local and international suppliers in response to its invitation for the import of LNG. It has received 17 expressions of interest (EoIs) for the allocation of capacity under its transmission system from leading companies interested in developing their own LNG floating storage and re-gasification unit and arrange their own supply of LNG.

Published in The Express Tribune, July 20th, 2011.

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