Category: News & Announcement

The Islamabad High Court (IHC) rejected on Tuesday an oil marketing company’s plea to stop the Federal Investigation Agency (FIA) from taking action against it in the fuel crisis case. Hearing the petition filed by Attock Petroleum, IHC Chief Justice Athar Minallah issued notices to the Ministry of Energy, Oil and Gas Regulatory Authority (Ogra), the government’s recently formed fuel crisis committee and the FIA for June 25. The petitioner’s lawyer maintained that the government had not set up the inquiry commission under the Petroleum Products Inquiry Act. To this…

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ISLAMABAD (Dunya News) – The gas companies have submitted a petition in Oil and Gas Regularity (OGRA) to increase gas tariff by Rs85-623 per mmbtu to be effective from July 01. The Sui Northern Gas Pipelines Limited (SNGPL) has sought the increase in gas price by Rs623 per mmbtu and Sui Southern Gas Company (SSGC) has pleaded for increase in gas price by Rs85.35 per mmbtu. OGRA will hear the petition of Sui Northern today. If the increase in gas price as has been demanded by Sui Northern is approved,…

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has been urged to reduce the gas tariff by 40 percent, in line with sharp decline in crude oil and furnace oil globally, and cap the human resource expenditure of the Sui Northern Gas Pipeline Limited (SNGPL), in a public hearing on Determination of Estimated Revenue Requirements (DERR) for financial year 2020-2021, held on Wednesday. Limited number of stakeholders was allowed to participate in the public hearing physically, and few others were taken through virtual link. The two-day public hearing was arranged…

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ISLAMABAD: Strongly opposing a petition for almost 110 per cent higher gas rates, various stakeholders on Wednesday demanded rather substantial reduction in prices in line with drastic fall in international oil prices. The Oil & Gas Regulatory Authority (Ogra) had called a public hearing on the request of Sui Northern Gas Pipelines Limited (SNGPL) which is seeking almost 110pc increase in prescribed prices for fiscal year 2020-21. The hearing was presided over by Ogra Chairperson Uzma Adil Khan. The SNGPL has sought an increase of Rs622.94 per mmbtu (million British…

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Elengy Terminal Pakistan Limited (ETPL), a joint venture between Vopak LNG Holding BV and Engro Corporation, has planned to set up the first onshore liquefied natural gas (LNG) storage and regasification terminal at Port Qasim, Karachi. In this regard, the project management has invited expressions of interest from interested parties, which intend to secure regasification, storage and other operational services (ie bunkering, trucking and reloading) for the project. Subject to final investment decision on the project, the onshore terminal is planned to be developed under a typical industry open access…

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