Month: January 2020

ISLAMABAD: The multi-billion dollar Turkmenistan-Afghanistan-Pakistan-India (Tapi) Pipeline project has hit fresh snags as its two major stakeholders and prospective gas purchasers — Islamabad and New Delhi — have sought gas price openers before the project could physically take off. On Wednesday, Pakistan formally constituted a five-member price negotiation committee (PNC) to begin talks with Turkmenistan for price cut after authorities would its existing prices reasonably higher than Liquefied Natural Gas (LNG) being imported from Qatar and other countries. The two countries have already agreed to discuss the price opener beginning…

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ISLAMABAD: The government has called another meeting of the Economic Coordination Committee (ECC) on Wednesday for constitution of a price negotiation committee for Turkmenistan-Afghanistan-Pakistan-India (Tapi) Pipeline and settlement of about Rs75 billion liabilities to state-run entities. To be presided over by Adviser to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh, the second meeting of the ECC within a week will be presented a case for payment of Rs28bn dues to the Pakistan State Oil (PSO) on account of foreign exchange loss besides settlement of Rs38.12bn loans…

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President Site Association of Industry, Suleman Chawla, has urged Prime Minister Imran Khan to issue immediate order to cancel Nepra permission to K-Electric to collect fuel charges adjustment (FCA) of three years (from July 2016 to June 2019) from the consumers. Rejecting the permission granted by Nepra to K-Electric to collect fuel charges adjustment (FCA) of three years (from July 2016 to June 2019) from the consumers in next 9 months and has appealed Prime Minister Imran Khan to look into the matter and do needful to give relief to…

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The two state companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), have been given task to set up 30 Liquefied Petroleum Gas (LPG) air mix plants to cater the domestic gas needs, sources said. Sources maintained that the plants are aimed at providing gas facility to the population in the areas where facility of natural gas is not available and discouraging deforestation. At the plants, the LPG will be mixed with air to produce synthetic gas for onward supply to the consumers through distribution…

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This is with reference to the news item ‘Gas Billing: What’s SSGC upto?’ appearing in the Business Recorder dated January 6th, 2020. The news item needs a few clarifications that are stated below. “At the outset, it must be clarified that SSGC bills its over 3 million customers through a well-defined billing programme to account for 365 days’ gas sale in a year. “Each customer is billed on an approximate 30 days with a possible two-day variation on either side viz-a-viz 28 to 32 days that is sometimes necessitated to meet the…

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