The Oil And Gas Regulatory Authority (Ogra) Has Achieved A Milestone By Issuing Licences For Construction And Operation Of LNG Pipeline.
The Oil and Gas Regulatory Authority (Ogra) has achieved a milestone by issuing licences for the construction and operation of a pipeline, being the last leg of the liquefied natural gas (LNG) supply chain, to Energas Terminal (Pvt) Limited and Tabeer Energy (Pvt) Limited, a statement said on Friday. The licences were issued under the provisions of the Ogra Ordinance 2002, and NGLR 2002, for carrying out the desired regulated activities, it added.
Earlier the Ogra granted licences for LNG terminals with the capacity of 750mmcfd to 1,000mmcfd each and the sale of Regasified Liquefied Natural Gas (RLNG) licences. The Oil and Gas Regulatory Authority has processed these licences on a fast-track basis, besides the Covid-19, which has affected the working of all organisations.
All licensing formalities have been completed in the minimum possible time, enabling the companies to install their facilities and bring RLNG in the country, the statement said. Once the licensed facilities are completed and made operational by Energas Terminal (Pvt) Limited and Tabeer Energy (Pvt) Limited, Pakistan will have an additional supply of 1,500mmcfd to 2,000mmcfd of natural gas for industrial and other customers.
This activity will bring huge investment in the RLNG sector, competition in the gas market, creates new job opportunities directly and indirectly by operation of closed and new industries; thus, will play a vital role in the economic boost of the country.
The Ogra has granted these licences for effective implementation of the federal government’s policies and its vision for competition, increase private investment and ownership in the midstream and downstream oil and gas industry of Pakistan, while protecting public interest and, at the same time, provide effective regulation.
In this effect, Ogra, in the recent past, has granted licences to the private sector such as LNG virtual pipeline licences to Daewoo Pvt Ltd and LNG Easy Pvt Ltd, and the sale of RLNG licences to Trafigura, and Shell Energy.
The Oil and Gas Regulatory Authority is determined with its vision and in accordance with the federal government’s policy to contribute towards growth of the energy sector of Pakistan and ensure that the energy market is easily accessible, competitive and profitable for a prosperous Pakistan.
This news was originally published at BOL News.