The Oil & Gas Regulatory Authority (OGRA) has granted construction licenses to Tabeer Energy and Energas.
These licenses will be valid for 15 years and are concerned with the Liquefied Natural Gas (LNG) Terminals at Port Qasim. The terminals will be used to import, degasify, store, and supply LNG to the private customers of both companies.
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The companies are likely to arrange LNG reports without any liability to the government. They will also be able to use the pipeline network of gas utilities that they had been unable to access until now.
The licenses are subject to two conditions:
Prior to starting construction, both the companies should have an implementation agreement with the PQA for the construction of Floating Storage & Regasification Units (FSRU);
They need to sign gas transportation agreements (GTAs) with the Sui Southern Gas Company Ltd (SSGCL) and the Sui Northern Gas Pipelines Ltd (SNGPL) so that the national gas pipeline network can be used to supply LNG to customers.
Energas and Tabeer Energy have already obtained 10-year marketing licenses for the sale of Degasified Liquefied Natural Gas (RLNG), and are in talks with the SSGCL and the SNGPL to secure pipeline capacity.
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