The price notification delay of liquefied natural gas has will cause the disruption of gas supply as PSO (Pakistan State Oil) has warned the government. The gas supply chain will be disrupted in the coming winter days as per the statements of PSO.
Winters have always been the major quarter for the usage of Gas in the country and shortages are usually expected. As per the official statement of PSO, “situation is seriously affecting the LNG supply chain in the country as PSO and other stakeholders in the LNG supply chain will not be able to claim their receivables in the absence of determination of prices by Ogra,”
PSO cleared that the Gas Providers will face serious consequences due to the delay in prices by OGRA despite all the information was provided by PSO. PSO being the largest fuel supplier of Pakistan highlighted the price changes of LNG and RLNG (Regasfied Liquefied Natural Gas) for the month of October and August. The Oil and Gas Regulatory Authority OGRA has still not processed the price changes.
The statement further added; “Moreover, the actual LNG prices are already not being determined by Ogra since July 2017,”. PSO has faces serious concequences on behalf of these delays, as the company has already been facing the recieveables of Rs317 billion by end-October.
These mainly include the Rs80 Billion from the LNG. However the SNGPL from 2017 has crossed the recieveables of worth Rs4 Billion for PSO, which was mainly due to the delays and recovery has been immensely difficult due to the non-determination of actual prices.
