Month: January 2023

Pakistan Gas Port Consortium Limited (PGPCL) on Tuesday issued a legal notice to Pakistan LNG Limited (PLL) for misconduct and default regarding third-party access agreement (TPPA) finalisation, causing hurdles in the private sector’s LNG imports. PLL has been urged to resolve the matter of TPPA within 90 days. In case of failure, PGPCL would move to the London Court of International Arbitration (LCIA) for justice. PGPCL, owner and operator of LNG terminal-2 on Tuesday issued the notice to the government-owned PLL by invoking dispute resolution under Clause 37 of the…

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Pakistan’s energy sector is going through severe crisis as the power sector’s receivables against various consumers including provincial governments, federal government, and private sector have crossed Rs2.5 trillion. This was stated by Tahir Basharat Cheema, former managing director (MD) Pakistan Electric Power Company (PEPCO), while addressing the launch ceremony of a book titled, “Power Sector an Enigma With No Easy Solution” organised by the Pakistan Institute of Development Economic (PIDE), here Tuesday. Besides others, the event was also attended by Federal Minister for Energy (Power Division), Khurram Dastgir Khan. While…

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