The LNG terminal project represents a combined investment of half a billion dollars among PGPL
, Fauji Foundation's Fauji Oil Terminal and Distribution Company Ltd (FOTCO) which operates the terminal and Norway's BW Group which operates the ship.
He said the Engro terminal was currently injecting about 600mmcfd of LNG from Qatar gas and PGPL
processing 600mmcfd supplied by ENI.
The terminal would reduce Pakistan's gas deficit by 30 percent and ensure fuel for 3,600 megawatts of new power generation plants being constructed in the country, PGPL
Chairman Iqbal Ahmed said.
Similarly, on May 16, 2015, the Sui Southern Company Limited awarded the second LNG terminal project to Akbar Associates who offered the lowest tariff of 49.87 cent per million British Thermal Unit (mmbtu) for setting up the LNG terminal while PGPL
failed the secure the bid.
were issued NOCs and IA was signed by PQA.
"Paul, as the sole director of the company, had sought advice from his accountant, had recognised that PGPL
would be unable to continue to trade, and took the necessary steps to place the company in liquidation.
Rob Caven, a partner with financial and business advisers Grant Thornton, was yesterday appointed liquidator of PGPL
A spokesperson for PGPL
has confirmed that the owners are seeking development proposals from potential partners.
The EGC-500 is an electronic unit, which requires no maintenance, replacing the Woodward[R] PGPL
governors requires periodic maintenance and rebuilding.
Table 1 Total Expenditures, Line-Item and Enhanced Budgets, $1000s FY 1990 Line-item Enhanced Percentage Library budget budget difference CPL $ 779 $ 991 27.2 MCFL 2,678 2,911 8.7 MPL 1,305 1,684 29.0 PGPL
481 618 28.3 SPL 2,011 2,504 24.5 Notes: GPL: Carmel Public Library MCFL: Monterey County Free Libraries PGPL
: Monterey Public Library PGPL
: Pacific Public Library SPL: Salinas Public Library Line-item and enhanced budgets refers to the operating budget and exclude capital outlays.
They said Engro earned up to 44 per cent return on equity (ROE) and PGPL
22.74pc in first nine months which was higher than industry standard of 15-17pc returns in the oil and gas sector.
When queried about his experience of the PGPL
RLNG terminal established in December last year, Mr Ahmed told once the terminal starts running, the problems go away.