ISLAMABAD, Oct 7 (APP):The Economic Coordination Committee (ECC) of the Cabinet Wednesday allowed Oil and Gas Regulatory Authority (OGRA) to issue new CNG Licenses to Regasified Liquified Natural Gas (RLNG) based CNG stations.
The ECC meeting, chaired by Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh here, 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.
The ban on the issuance of new licenses has been imposed since 2008, press statement issued by the Finance Ministry said.
The ECC allowed Sui Northern Gas Pipeline Limited (SNGPL) for the recovery of previous revenue shortfall as well as enabling SNGPL to manage the load of the domestic/ commercial sectors by 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.
Besides, 330,000 MT of wheat, imported by TCP, would be distributed equally among three recipient agencies i.e. PASSCO, Punjab and KP (110,000 MT each).
ECC also allowed allocation of 8 MMCFD gas from Mangrio discovery and 4 MMCFD of gas from Mithri gas discovery for M/s SSGCL.