ISLAMABAD: The government has decided, in principle, to auction unutilized capacity of government in LNG Regasification Terminals, Business Recorder reported on Wednesday. For Terminal-2, PLTL has a contracted capacity of 600 MMCFD with a peak capacity of 690 MMCFD on reasonable endeavour basis, as and when required. Therefore, in order to enhance utilization of LNG Terminal(s) and reduce Terminal tariff, it would be economical to offer idle/ un-utilized capacity of Terminal(s) to private/third party (ies). Given that sale of un-utilized government contracted capacity has a direct bearing on excess capacity, the two issues were addressed together in this summary. All interested party (ies), having necessary regulatory authorization and contractual arrangements, may be given access to the available un-utilized terminal capacity, without discrimination.

Source: Pakistan Today August 05, 2020 07:30 UTC