Oil and Gas Regulatory Authority (Ogra) has issued license to M/s Energas Terminal (Pvt) Limited and M/s Tabeer Energy (Pvt) Limited for construction and operation of pipeline, under the provisions of the OGRA Ordinance 2002, and NGLR, 2002, for carrying out the desired regulated activities.
The licenses have been issued on a fast-track basis to minimize the time for companies to install their facilities and bring RLNG in the country. The licences would be valid for 10 years, starting Jan 8, 2021. Both applicants 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. Initially, they plan to also utilise spare capacity of the LNG re-gasification terminals.
Once the licensed facilities are completed and made operational by M/s Energas Terminal (Pvt) Limited and M/s Tabeer Energy (Pvt) Limited, Pakistan will have an additional supply of 1,500-2,000 mmcfd of natural gas for industrial and other customers.
Ogra, has granted licences to private sector such as LNG virtual pipeline licences to M/s Daewoo (Pvt) Ltd and LNG Easy (Pvt) Ltd, and sale of RLNG licences to Trafigura, and Shell Energy.
Energas Marketing is a consortium of Pakistani shareholding largest business groups in Pakistan including Sapphire, Younas Brothers and Halmore with combined total assets estimated at $5.7bn having annual turnover of $3.2bn along with construction and operational experience of operating over 2,000MW of energy projects. Energas Terminal is in the process of setting up its own LNG terminal at Port Qasim from which the RLNG would be supplied to customers.
Mitsubishi Corporation of Japan is the parent company of Tabeer Energy Marketing. Mitsubishi has handled LNG operations around the globe. It is also setting up LNG terminal at Port Qasim. Mitsubishi has integrated business enterprises with offices in over 200 countries and has more than 65,000 employees.