The Oil and Gas Regulatory Authority (Ogra) has issued a licence for the sale of natural gas/LNG marketing to two private companies.
Tabeer Energy Marketing (Pvt) Limited (TEMPL) and Energas Marketing (Pvt) Limited (EMPL) both Karachi based companies have been authorised for sale of unutilised/idle capacity of the LNG terminal. Both companies plan to import LNG by utilising the idle capacity available in the LNG terminal.
As per the conditions of the licence the licensee shall pay the annual fee of 0.25 percent of the annual turnover/estimated turnover of the licensee from sale of natural gas.
These private companies will help mitigate the annual losses incurred by the federal government in the form of capacity charges to terminal and also in the form of lost revenue from the underutilisation of the Sui pipeline network.