April 30 2014 Signing of LNG services agreement b/w SSGC and Engro Elengy Terminal Pakistan ltd for development of LNG import terminal at Pakistan at SSGC Key Points and summary statements of the event : Mr. Khaqan Abbasi (Minister for P&NR) alongside Jam Kamal (Minister of State for P&NR) and MD-SSGC at SSGC HO Procurement for LNG will be done by PSO as per the agreement, Shahid Khaqan If any party fails upon competition of contract, the liability would vary based on the import value, Shahid Khaqan Regarding the price, domestic prices will not be affected in LNG import, shahid Khaqan We can cash in advantage worth $100 million if Fossil fuel power plants are converted into LNG in the country Within 335 days the Terminal needs to be setup, its a challenging timeframe which is also maintained globally We hope that Within 335 the terminal will be set up, Shahid Khaqan From today we have a time frame if 335 days, total energy consumption pumped in by gas is 50% Govt had never directed any gas disconnection to anyone, Shahid Khaqan Based on the recent agreement, KESC will be paying SSGC 8 Billion, MD-SSGC, total arrears stand around 50 Bn Government Policy is to provide relief to the public especially in energy sector, Shahiq Khaqan KESC has been paying us their current bills since the last 2 years, MD SSGC #ssgc LNG import will mitigate issues that SSGC is currently facing, Khaqan Abbasi Power sector should not be confused with gas sector, Shahid Khaqan Whenever network is expanded especially in rural areas, effects of UFG increases which is a challenge for energy companies, Shahid Khaqan Govt is going towards Coal Production due to Gas shortage, Shahid Khaqan PSO as a commercial entity will operate the project, Shahid Khaqan The project will not affect the local environment or the area, it is Engro Elengy responsibility, Shahid Khaqan Engro has a strong CSR agenda and will make sure the environment is not affected during the terminal construction, Shahiq Khaqan The government is committed to provide energy solution in a transparent manner, Shahid Khaqan
Posted on: Thu, 01 May 2014 04:00:00 +0000
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