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ECC forms committee to examine natural gas sale and price mechanism

Prime Minister Shahid Khaqan Abbasi chaired a meeting of ECC. The meeting considered a proposal, ensuring tax exemptions at the Gwadar Port and Gwadar Free Zone

ECC asked to  constitute a committee to remove any anomalies in the proposed amendments.

‎ECC also considered the issue of allocation of site to private LNG developers for establishment of LNG Terminal.

sites at Port Qa‎sim would be allocated for the establishment of LNG Floating Terminal which have been declared safe after undertaking Quantitative Risk Assessment.

Meeting allocated 35 MMCFD Mari shallow gas and 40 MMCFD of Mari Deep gas to Pakarab Fertilizer Ltd. (PFL)

In order to address the issue of disparity in the sale price and the revenues of SNGPL and SSGCL, the ECC constituted a committee

Committee will comprise of members from Petroleum Division, OGRA, Finance and Planing, Development & Reforms  Division

The Committee will examine all aspects of natural gas sale pricing mechanism and would submit its recommendation to the Cabinet within three months.‎
The ECC also approved 05 localities for SNGPL and  06 for SSGCL for setting up LPG Air Mix Plants for the purpose of supply of gas to the residents.

‎ ECC also approves an amount of Rs. 1140 million as three months salaries for the employees of Pakistan Steel Mills Corporation (PSMC).‎

Posted on: 2018-05-17T20:55:00+05:00
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