Pakistan first time in history, permits its private sector to import Liquefied Natural Gas (LNG) as Oil and Gas Regulatory Authority (OGRA) has issued import licenses to at least 2 companies.
The oil and gas regulatory body has reportedly issued 10-year tenure LNG importing licenses to at least 2 private sector companies.
The officials claim private sector import will encourage competition in the market hinting that it will likely bring down prices of the utility.
Before this development, there has not been any example of Pakistan allowing Liquefied Natural Gas (LNG) import privately.
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