Tag Archives: LNG

Natural Gas Prices Doubled For Domestic Consumers

Natural Gas Prices Doubled For Domestic Consumers


Sumera Saeed | December 22, 2017 | category: News

Natural gas prices doubled for domestic consumers.. The prices of natural gas for the domestic consumers have been increased by more than 100 percent and the consumers have received the first enhanced bill this month even the government has failed to maintain smooth and full pressure of the gas to the consumers in this winter season.

The price of the natural gas has been increased following the increase of the prices of all the gas fields and they had already increased their prices after the approval from the Oil and Gas Regulatory Authority (OGRA). The OGRA gave the approval in July this year to all 47 gas fields to increase the prices of gas by 111 percent and notification in this regard was issued accordingly.

The two main gas supply companies Sui Southern Gas Pipelines Limited (SSGPL) and Sui Northern Gas Pipelines Limited (SNGPL) have increased the prices from November this year and bills dispatched to consumers in the first week of December have been sent with more than 100 percent increase in the gas price.
A spokesman of the OGRA clarified that the increased allowed to gas fields with a view to meet their increasing expenditures and according they were allowed to increase the price of the natural gas being provided to the SNGPL and SSGPL, the main distributors of the gas to the domestic consumers. The government claimed that prices of natural gas in Pakistan are already very low as compared to the neighboring countries.
Pakistan has shortage of natural gas, and during the winter season, most of the domestic consumers remained without proper supply of the gas for two to three months in severe cold weather. The government has started import of LNG but still due to increasing demand in the gas both in domestic and commercial sectors, there is still shortage of the gas especially during the winter season.
The domestic consumers have expressed their concern and anguish over the new bills for the natural gas, which are almost double as compared to the previous months, even though they are not getting gas continuously with full pressure and people are forced to buy costly LNG through cylinders for even cooking purposes due to load-shedding of gas. Protests have become routine matter by the consumers against the government for load-shedding of the gas especially in morning and evening times when they need it for cooking purposes but the government has not been giving any attention to resolve this problem of the people.

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PBIF Criticises the Decision to Provide LNG to Private Housing Schemes

PBIF Criticises the Decision to Provide LNG to Private Housing Schemes


Sumera Saeed | December 15, 2017 | category: News

PBIF Criticises the Decision to Provide LNG to Private Housing Schemes . President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has criticised decision of a gas facility to deny natural gas to the private housing societies and provide them with costly LNG.
In an statement on Friday ,he also criticised the decision of the gas company to put the burden of the connections, billing and recovery on the owners of the housing projects which will add to their problems.

Mian Zahid Hussain said that the government had repeatedly claimed that imported gas would be provided to the commercial and industrial sector while the domestic sector would get local gas. Now, the authorities are not keeping their promise as and trying to milk masses for profit which is not acceptable, he said, adding that such a move will damage the economy and the masses.

The move to provide costly LNG to masses will dent the reputation of the government which had assured masses that import of LNG will not hurt their interests, he added.
He said that government has failed to cater the increasing demand of housing units while the private sector is trying to bridge the gap, therefore, it should not be discouraged.

Property and housing sector is growing at a fast pace supporting dozens of industries and providing jobs to tens of millions, therefore, it should be spared.
The decision of the gas company will result in a crisis in which masses can lose trillions of rupees, The former minister warned.

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Illegal Benefit Provided to Angro by Allowing Import of LNG

Illegal Benefit Provided to Angro by Allowing Import of LNG


Shahid | December 12, 2017 | category: Business

Illegal Benefit Provided to Angro by Allowing Import of LNG. PPRA has expressed grave concern over a secret agreement reached between Sui Southern Gas Company and Angro Private Limited under the directives of ministry of petroleum on importing LNG worth billion of rupees; This agreement has been signed under the directives and permission of Prime Minister (PM) Shahid Khaqan Abbasi.

As per this agreement, Sui Southern Company has allowed Angro Company to import 200 MM Cubic feet LNG which means benefit of billion of rupees has been given to Angro company daily.Sources said PSO was directed in the past that to import 300 million square feet gas and provide it to LNG terminal which is owned by Ango company.

The government has now allowed to import 200 million square feet additional gas without inviting tenders. It means 500 square million feet LNG will be imported at Angro terminal. This way benefit of billion of rupees will be provided to Angro company on daily basis.

According to law a tender is invited through news papers for awarding contract of billion of rupees and PPRA laws have to be followed on this count.

On the other hand PM Shahid Khaqan Abbasi has allowed Ango company to import 200 MMF gas by not adhering to PPRA laws.

As per first agreement 300 MMCF million LNG gas is being imported and now 500 MMCF gas will be imported.

Sources said PM Abbasi is holding charge of ministry of petroleum and LNG agreement is also under the powers of PM. Now PM Abbasi is responsible for allowing more benefit to Angro company.

Shahid Khaqan Abbasi has signed agreement with Qatari government to import LNG at the rate of 13.37 dollars. On the other hand another international oil company ENI is agreed to sell LNG at the rate of 11.64 dollars.

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