ISLAMABAD: The Economic Coordination Committee of the Cabinet has allowed Oil and Gas Regulatory Authority (OGRA) to issue new CNG licenses to RLNG based CNG stations.
The ECC meeting, chaired by Adviser to the Prime Minister on Finance, Dr. Abdul Hafeez Shaikh, however, made it clear that the licenses would be issued with the provision that the licensee would neither receive indigenous gas nor can claim for its conversion to indigenous gas.
According to the statement issued by the Finance Ministry, the ban on the issuance of new licenses was imposed in 2008.
The committee also allowed Sui Northern Gas Pipelines Limited (SNGPL) for the recovery of previous revenue shortfall as well as enabling SNGPL to manage the load of the domestic and commercial sectors by the diversion of RLNG in the approaching winter.
ECC constituted a three-member committee consisting of Secretary Finance, Secretary Commerce, and Secretary National Food Security (as the chairman of the committee) to negotiate the price of wheat with the Russian Government for the further procurement of wheat.
The meeting also allowed the allocation of 8 MMCFD gas from the Mangrio discovery and 4 MMCFD of gas from Mithril gas discovery for Sui Southern Gas Company Limited.
