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Articles for tag: capture, economic stability, Energy Sector of Pakistan, energy security, foreign exchange reserves, functional models, gas production, gas shrinkage, Institute for Sustainable Development Policy, Jamshoro Joint Venture Limited, jjvl, legal disputes, LPG, LPG imports, National Accountability Office, natural gas liquids, NGL, Petroleum Directorate, plant, pushing, re-gasified LNG, regulatory compliance, restart, revenue sharing model, RLNG, SDPI, sifc, Special Investment Facilitation Board, SSGC, Sui Southern Gas Company, Supreme Court

September 8, 2024

News Desk

SIFC is pushing for the restart of the LPG plant

Islamabad: The Special Investment Facilitation Council (SIFC) has directed the Department of Petroleum to take positive steps to restart operations at the LPG (liquefied gas) plant of Jamshoro Joint Venture Limited (JJVL). This directive followed a report prepared by the Sustainable Development Policy Institute (SDPI) and discussed at a recent SIFC meeting. According to the report, JJVL’s annual LPG production is estimated at 91,250 metric tonnes (MT). Historically, Sui Southern Gas Company Limited (SSGC) has earned over Rs 30 billion from JJVL across various operating models. The resumption of JJVL operations is expected to reduce LPG imports by 9%, potentially

September 3, 2024

News Desk

Dar rejects gas allocation proposals

Islamabad: Ishaq Dar, Chairman of a high-level committee on oil and gas, on Monday rejected a framework proposed by the Petroleum Directorate to share discovered gas with third parties and said categorically that the government will not “rewrite a policy” that has already approved. by the Council of Common Interests (CCI). The Petroleum Directorate presented four proposals to share 35% of gas discovered by exploration and production (E&P) companies to third parties. In the first sentence, he said, the allocation policy should be applied to those sectors that are depleting. However, the policy should not apply to existing oil and

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