ISLAMABAD: Pakistan LNG Limited (PLL) has floated a tender and sought bids to allocate idle capacity of LNG terminal to the private sector for a period of six months from February to July this year.
The PLL through an advertisement has sought applications from the interested parties to utilise idle capacity of LNG terminal for the six-month period. The deadline fixed for the submission of applications is January 18.
As per details, the PLL will have an unutilised capacity of 235 million cubic feet per day (MMCFD) in February, 136 MMCFD in March and 130 MMCFD in April.
The PLL also said that the tentative idle capacity of 50 MMCFD will be available in May and June while 100 MMCFD will be available in July. PLL utilises its contracted capacity depending upon the requirement of Regasified Liquefied Natural Gas (RLNG) by the gas utility companies. In order to optimally utilise its contracted capacity, the federal government has authorised the PLL to allocate its idle capacity to private parties on a short-term basis, depending upon the requirement of the gas utility companies.
The PLL will provide the idle capacity to all the parties, who fulfil the eligibility criteria, at charges determined by the Oil and Gas Regulatory Authority (OGRA) for the relevant month.
The PLL will adjust individual capacity allocations proportionately if the local requirement of the successful parties exceeds the total available capacity.
The available regasification capacities may vary on a daily and monthly basis, based on the available berthing slots and requirement of the PLL’s own customers while considering the finalised schedule of all the berthing slots.
Any RLNG not delivered during the term period may be carried forward in accordance with the provisions of the agreement. The draft agreement for allocation of LNG terminal services will be subject to approval from the OGRA.
The PLL is a public sector company and a wholly-owned subsidiary of the Government Holdings (Private) Limited (GHPL), which is 100 per cent owned by the Pakistan government. The PLL imports LNG at LNG terminal located at Port Qasim and supplies RLNG into the network of gas utility companies.