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Articles for tag: $200 Million Ogra Law Amendment, amendment, Law, million, ogra

June 25, 2024

News Desk

$200 Million Ogra Law Amendment

Islamabad: The government is set to amend the Oil and Gas Regulatory Authority (Ogra) Act to allow terminal operator Energas to have a monopoly on capacity utilization in a bid to attract $200 million in investment from Qatar. Currently, the terminal operator is required to allow third parties to use the liquefied natural gas (LNG) infrastructure with Ogra’s consent, meaning that anyone can qualify to use the terminal. Energas Terminal is a QatarEnergy project in which Qatar is set to acquire a 49% stake. Energas has already signed a gas sale-purchase agreement with Qatar for the supply of LNG. According

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