Pipeline construction licences issued to Energas, Tabeer

Oil and Gas Regulatory Authority (OGRA) has finally issued licenses for construction and operation of the pipeline to M/s Energas Terminal (Pvt) Limited and M/s Tabeer Energy (Pvt) Limited.

The regulator in a statement said that it achieved the final milestone while issuing licenses for construction and operation of the pipeline, which is the last leg of the LNG supply chain, to M/s Energas Terminal (Pvt) Limited and M/s Tabeer Energy (Pvt) Limited.

It issued licenses under the provisions of OGRA Ordinance 2002, and NGLR, 2002, for carrying out the desired regulated activities.

Earlier OGRA granted licenses for LNG Terminal with the capacity of 750-1000MMCFD each and sale of Regasified Liquefied Natural Gas (RLNG) licenses.

OGRA has processed these licenses on a fast-track basis besides the Covid-19 which has affected the working of all organizations.

Ogra said that developers have completed all licensing formalities in the minimum possible time enabling companies to install their facilities and bring RLNG into the country.

After completion of the licensed facilities 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 1500-2000 MMCFD of natural gas for industrial and other customers.

This activity will bring huge investment in the RLNG sector, competition in the gas market creates new job opportunities directly and indirectly by operation of closed and new industries, thus will play a vital role in an economic boost of the country.

OGRA has granted these licences for effective implementation of the Federal Government’s policies and its vision for competition, increase private investment and ownership in the midstream and downstream oil and gas industry of Pakistan while protecting the public interest and at the same time provide effective regulation.

In this effect, OGRA, in the recent past, has granted licenses to the private sectors such as LNG virtual pipeline licenses to M/s Daewo Pvt Ltd and LNG Easy Pvt Ltd, and sale of RLNG licenses to Trafigura, and Shell Energy.

The Oil & Gas Regulatory Authority is determined with its Vision and in consistence with Federal Government’s policy to contribute towards the growth of the Energy Sector of Pakistan and ensure that the energy market is easily accessible, competitive, and profitable for a prosperous Pakistan.