In absence of LNG, plants may produce expensive electricityAt present, according to sources, PLL is importing three cargoes in a month, half the capacity of the second LNG terminal. The Petroleum Division secretary, who is on the PLL board of directors, has stopped the management from importing additional LNG cargoes for the next one month. Earlier, Ogra had allowed the same for two LNG re-gasification terminals, but, while determining the re-gasified LNG sale price for May 2018, it decided not to follow the ECC guidelines and prevalent procedure. Following issuance of clarifications by the ministry, Ogra revised the determination on May 25, 2018 and all charges associated with the LNG re-gasification terminal were again included in the LNG sale price. Owing to the reduced LNG demand, inefficiency has prevailed in the value chain as the re-gasification terminal is not being optimally utilised.

Source: The Express Tribune August 01, 2018 04:41 UTC