ECC to review progress on new LNG terminal, tomorrow

MG News | March 26, 2019 at 02:57 PM GMT+05:00

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March 26, 2019 (MLN): A meeting of Economic Coordination Committee (ECC) of the Cabinet is scheduled to take place tomorrow March 27, 2019 at 9:30 a.m. in Islamabad, chaired by Minister for Finance, Revenue and Economic Affairs, Mr. Asad Umar.

The agenda for this meeting comprises of the following eight points:

Status of progress on new LNG terminal
Establishment of an independent insurance regulator
Authorizing CPPA to sign the interim agreement regard revised payment terms
Waiver of penal surcharge
Supply of gas to tall and surroundings areas of district Hangu
Arrangement of additional 200 MMcf of LNG from Qatar
Gas demand projections (short and long term)
Implementation status of the decision of ECC - Case No.ECC- 07/02/2019 dated January 8, 2019

In addition to this, payment terms will be signed for generation of electricity from LNG power plants.

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