ISLAMABAD: LNG import motionless hangs in stability

Newsone – Opposition to the government’s claim of LNG import by November, sole bidder has yet to obtain prerequisites to the building of LNG terminal that alone takes, at least, 11 months.

Advertisement

Engro Corporation Pakistan has not obtained two major perquisites to applying for terminal constructionlicenses, namely the approval of the port concerned, that is Port Qasim in this case and an NOC of the Ministry of Defense. As stated to well-placed sources in the Petroleum Ministry, the SECP’s commencement of business certificate is required to get an LNG terminal construction license from the Oil and Gas Regulatory Authority (OGRA).

Port Qasim authorities believe that ETPL should move to place designated for LNG instead of proposed home which is already crowded with chemicals and other high explosive materials. It was ascertained that the surveys submitted by ETPL to Ogra were done in 2011. As per law, company needs fresh studies, this could result in more delays. Agra is processing the application by ETPL for the grant oflicense to undertake regulated activities related to liquefied natural gas (LNG) at Port Qasim. In this regard Ogra held a public hearing this week in Karachi.

It was pre-decided by government that project will be awarded to ETPL and OGRA is doing all these violations of law and LNG Policy 2011 under government pressure. Yasir is set to move contempt of court application as Supreme Court has already directed concerned departments to observe transparency in the whole LNG import process. Yasir demand that Ogra should return ETPL incomplete application and should start the whole process afresh.

Concerning to the recent statement of Petroleum minister that LNG price has to be decided Asad said that without fixing prices the government passed this long term project to a foreign company, now governments have no bargaining power over prices and importing costly LNG will not do any good to energy crisis or country, Newsone.

Advertisement

Junior - Taleem Aam Karaingay - Juniors ko Parhaingay