Separately, local firm UGDC complained that its efforts to arrange LNG supplies at cheaper rates, despite having a licence to do so since 2016 and completion of all subsequent legal and regulatory formalities, suffered roadblocks even though its consumers were being denied gas quantities often without a prior notice by gas companies.
'Pakistan LNG Limited is presently not fully utilising its allocated re-gasification capacity of 600mmcfd (4.5 million tonnes) in Gasport terminal and there are idle slots available in their annual delivery plan to accommodate additional cargos,' wrote UGDC chief Ghiyas Abdullah Paracha, adding that his company should be allowed to avail this unutilised capacity on a 'take or pay' basis to let the CNG business at its own with price saving and environment benefits against expensive petrol.
Oil and Gas Regulatory Authority (Ogra) also vetted legal framework, conducted public hearings and conducted third party audit before approval and now UGDC
can import LNG or buy it from any government or private entity to sell it to consumers.
BP is a 33% shareholder of a natural gas liquids (NGL) plant extracting LPG and propane, United Gas Derivatives Company (UGDC
) in partnership with ENI/IEOC and GASCO (the Egyptian midstream gas distribution company).
Following the permission of the government the All Pakistan CNG Association (APCNGA) has established a new company i.e Universal Gas Distribution Company (UGDC
) for making arrangements of LNG imports source added to him.
) - the newest of the three - has been built west of Port Sa'id, owned 50% by GASCO, 33% by BP and 17% by IEOC.
The United Gas Derivatives Company (UGDC
) came in third place with EGP 574m.