ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has awarded a gas marketing license to Shell Energy Pakistan (Pvt) Limited.
The Shell Energy Pakistan (Pvt) Limited has been incorporated with the aim of carrying out downstream gas marketing activities in Pakistan.
It aims to aggregate demand from customers and secure competitive international supply to meet such demand. After evaluating its credentials, the Ogra has granted rights to Shell Energy Pakistan to market gas to the interested customers.
Third-party access to gas import and distribution infrastructure is necessary for creating a competitive and developed gas market.
For Shell Energy Pakistan to bring competitive and reliable LNG into the country and re-gasify to help meet growing demand in Pakistan, it needs support of the government and other industry stakeholders in particular Port Qasim Authority (PQA), the Sui Northern Gas Pipelines Limited (SNGPL), and the Sui Southern Gas Company (SSGC) for access to infrastructure.
The country chair of Shell in Pakistan, Haroon Rashid, stated, “We are very grateful to Ogra for approving the gas marketing license for Shell Energy Pakistan (Private) Limited. This is a significant step in the right direction and we look forward to more policy and infrastructural support enabling Shell to begin importing LNG to meet peak demand in the coming winter.” Around the world countries are adopting net-zero emissions targets and seeking to create lower-carbon energy systems. Natural gas emits between 45 percent and 55 percent fewer greenhouse gas emissions and less than one-tenth of the air pollutants than coal when used to generate electricity. As the cleanest-burning fossil fuel, natural gas, and LNG have a central role to play in delivering the energy the world needs and helping power progress towards these targets.
Copyright Business Recorder, 2021
Comments
Comments are closed.