• About
  • Advertise
  • Contact
Monday, August 15, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

Energas and Tabeer acquire construction licenses

bySidra Butt
April 30, 2021
in Business, Economy, Finance, Main, New
Reading Time: 2 mins read
0
OGRA
233
SHARES
838
VIEWS
Share on FacebookShare on Twitter

The Oil & Gas Regulatory Authority (Ogra) has granted construction licences to Tabeer Energy and Energas to start construction of Liquefied Natural Gas (LNG) Receiving Terminals at Port Qasim for import, regasification, storage, and supply of LNG to their customers.

The licences would be valid for 15 years. Both companies are stated to have their own customers in the private sector and would arrange LNG imports without any liability to the government by utilising pipeline network of gas utilities which they have not been able to secure so far.

RelatedPosts

Economic Contribution of Trade Organizations Limited in Pakistan: SBP Study

Pakistan debuts its first electric car — NUR-E 75

State Bank of Pakistan Officially Unveils Rs. 75 Commemorative Note

Both these licences are subject to two conditions. They should have implementation agreement with Port Qasim Authority (PQA) for construction of Floating Storage & Regasification Units (FSRU) before the start of construction works. Secondly, they have to sign gas transportation agreements (GTAs) with Sui Southern Gas Company Ltd (SSGCL) and Sui Northern Gas Pipelines Ltd (SNGPL) for supply of LNG to their customers using the national gas pipeline network.

The regulator which had conducted the public hearing for construction licenses on April 18 had already granted 10-year marketing licenses to Energas and Tabeer Energy for the sale of regasified-liquefied natural gas (RLNG) to their customers.

The licences for construction and establishment of LNG re-gasification terminals including all allied facilities at Port Qasim, Karachi have been issued to Tabeer Energy Private Ltd (TEPL) and Energas Terminal Private Ltd (ETPL) under Ogra Ordiance 2002 and Ogra (LNG) Rules 2007.

The construction licences was a pre-requisite for the two investor groups for taking final investment decisions (FID) on setting up of LNG terminals. Tabeer Terminal has to be located at Chara Chan Waddo, Jhari Creek while Energas at Chara Creek. The licence would allow the developers to set up terminals, purchase LNG supplies, re-gasify it through proposed LNG terminals and supply RLNG to the domestic market and use themselves in their sister companies.

Tabeer Energy — a subsidiary of major global firms led by Mitsubishi of Japan was targeting to make their terminal operational in 24 months after the FID is made based on the issuance of construction license.

Energas — a company put together by local business groups expects beginning development works over the next six months with targeted completion in 18 months.

Tags: EnergasOil & Gas Regulatory Authority (Ogra)Oil and GasPQASSGCL
Sidra Butt

Sidra Butt

Related Posts

Economic Contribution of Trade Organizations Limited in Pakistan: SBP Study

Economic Contribution of Trade Organizations Limited in Pakistan: SBP Study

In Pakistan, the economic contributions of numerous trade organizations, such as associations for various industries, chambers of commerce, and businessmen...

Pakistan debuts its first electric car — NUR-E 75

Pakistan debuts its first electric car — NUR-E 75

On Independence Day, Pakistan's first electric vehicle prototype, known as the NUR-E 75, was displayed. The battery in the car...

Next Post
Mobile spectrum

Pakistan auction's its mobile spectrum in June

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Economic Contribution of Trade Organizations Limited in Pakistan: SBP Study

Economic Contribution of Trade Organizations Limited in Pakistan: SBP Study

Pakistan debuts its first electric car — NUR-E 75

Pakistan debuts its first electric car — NUR-E 75

babar-azam

World #1 Batsman Babar Azam conferred with Sitara-e-Pakistan on 75th Independence Day

This Independence Day Flying Nation To The Heights Of Glory

This Independence Day Flying Nation To The Heights Of Glory

State Bank of Pakistan Officially Unveils Rs. 75 Commemorative Note

State Bank of Pakistan Officially Unveils Rs. 75 Commemorative Note

Finance Ministry Releases ’75 Years Economic Journey of Pakistan’

Finance Ministry Releases ’75 Years Economic Journey of Pakistan’

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In