Islamabad: Energas Terminal (Pvt.) Limited and Tabeer Energy (Pvt.) Limited have been granted licences by the Oil and Gas Regulatory Authority (OGRA) for the building and operation of pipelines, the final leg of LNG delivery.
All license requirements, according to the authorities, were completed in the shortest period feasible, allowing firms to build facilities and transport RLNG into the nation. The country will have an extra supply of 1500-2000 MMCFD of natural gas for industrial and other clients once the two firms complete and operationalize the facilities.
According to an OGRA statement, this activity will result in significant investment in the RLNG sector, increased competition in the gas market, and the creation of new job opportunities by resuming operations of closed industries and launching new ones, all of which will contribute to the country’s economic growth.
The government unveiled the strategy to increase local production and overcome energy scarcity after booking four cargo ships of LNG at a high price of over $15 per million British thermal units (mmbtu) for September delivery.
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