Staff Report
ISLAMABAD:
Petroleum Division has devised a plan to control the shortage of Liquefied Natural Gas (LNG) under which Terminal-II will provide maximum 600 Million Cubic Feet per Day (MMCFD) Re-gasified LNG during the closure of Terminal-1 in the country.
As per petroleum division’s RLNG shortfall mitigation plan during dry docking of existing Floating Storage Regasification Unit (FSRU) of a private LNG terminal, from 29.06.2021, the Floating Storage Regasification Unit (FSRU) of first terminal is going for dry docking. And, during dry docking from 29.06.2021 to 05.07.2021, there will be reduction in LNG supplies from first terminal. However, supplies from second terminal will continue to be at its contracted capacity of 600 mmcfd. Similarly, during first two days of complete closure of first terminal, the second terminal will provide maximum supplies. The total supply from both the LNG terminals will gradually ramp-up to 824 mmcfd from 4th July, 2021.
The petroleum division, in a statement on Tuesday, said that the normal supplies from first terminal will resume from 5th July, 2021and total supply from both terminals will be 1,152 mmcfd.
During the less availability of RLNG period, the gas companies are authorized to manage their load as per Government approved gas supply priority order whereby uninterrupted supplies will be made to domestic, commercial, power and export industry.
In order to meet the shortfall, gas companies are curtailing supplies to Industry (non-export), fertilizer, Compressed Natural Gas (CNG) and cement in order of approved priority till 5th July, 2021
As per petroleum division, some additional indigenous gas supplies are also being injected in the system during this period. Similarly, the power generation demand during the dry docking will also be catered through Furnace Oil (LSFO/HSFO) and High-Speed Diesel (HSD).
Petroleum Division has directed the refineries to maximize their production capacity in this period and these have increased their regular supplies for the power plants. The Pakistan State Oil (PSO)/oil industry has been asked to maximize supplies to power sector.
In order to augment indigenous supplies the PSO has been directed to float tenders for 2 cargoes of HSFO, which are expected to deliver during 12-20/7/2021 and 12-31/7/2021 respectively. PSO has also tendered 2 cargoes of LSFO, expected to deliver product during 7-15/7/2021 and 16-25/7/2021 respectively.
Oil and gas exploration and production (E&P) companies have been asked to enhance production within possible limits, said petroleum division, said petroleum division.
