February 17, 2022 (MLN): The National Assembly on Thursday passed the Oil and Gas Regulatory Authority (Amendment) Bills, 2022.
The purpose of the amendment is to bring entire Liquefied Natural Gas (LNG) and Re-gasified Liquefied Natural Gas (RLNG) licensing and pricing under the regulatory framework. This shall also empower the OGRA to determine and notify the RLNG sale price under the OGRA Ordinance, 2002, the bill said.
Earlier today, the OGRA (Amendment) Bill, 2022 and the OGRA (Second Amendment) Bill, 2022 smoothly sailed through Senate and passed unanimously in absence of the opposition.
The OGRA through these amendments shall eliminate gaps between regular, semi-annual tariff determination and notification.
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