As another step towards liberalizing Pakistan’s Oil and Gas market by bringing competition and ensuring reliable energy supplies to the consumers, the Oil and Gas Regulatory Authority (OGRA) has issued “Provisional licenses” to two virtual pipeline companies, enabling them to comply all formalities in accordance with the provisions of the OGRA Act. 2002, LNG Policy 2011 and LNG Regulations 2007 for applying for a license to carry out regulated activities.
‘M/s Daewoo Gas Private limited’ and M/s LNG Easy (Private) Limited’ shall be able to pursue LNG virtual pipeline project for supply of LNG through cryogenic bowsers and utilizing berths at Karachi Port Trust (KPT) and Gwadar Port respectively for import of LNG cargos, fill, transport, market and distribute Liquefied Natural Gas (LNG) under ‘Integrated LNG Project Structure’ as per Article 2(a) of LNG Policy 2011.
These companies will be first to carry out the supply of natural gas mainly to off-grid consumers thereby facilitating stable supply of energy resources in the country.
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