Super Falcon
ELITE MEMBER
- Joined
- Jul 3, 2008
- Messages
- 15,816
- Reaction score
- -8
- Country
- Location
my message to france we dont need anything from you and go to your uncle india now for deals
France to Guarantee Pakistan Arms Purchase Finance, Echos Says
- Thread starter owais.usmani
- Start date
Super Falcon
ELITE MEMBER
- Joined
- Jul 3, 2008
- Messages
- 15,816
- Reaction score
- -8
- Country
- Location
i hope we can return the slap which france have given to our faith with equally powerfull slap to them
---------- Post added at 03:13 AM ---------- Previous post was at 03:12 AM ----------
no need any more gurantees and than they brake our faith on them no need france any more
---------- Post added at 03:13 AM ---------- Previous post was at 03:12 AM ----------
no need any more gurantees and than they brake our faith on them no need france any more
WAQAS119
SENIOR MEMBER
- Joined
- Mar 21, 2010
- Messages
- 5,426
- Reaction score
- 0
- Country
- Location
H2O3C4Nitrogen
SENIOR MEMBER
- Joined
- Dec 3, 2007
- Messages
- 4,386
- Reaction score
- 0
SC suggests reconsideration of LNG project award
ISLAMABAD, Apr 26 (APP): The Supreme Court here Monday suggested to counsels and officials of Ministry of Petroleum to discuss the issue of award of over one billion dollars Liquified Natural Gas (LNG) project with the Prime Minister for reconsideration of the same at Economic Coordination Committee. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Chaudhry Ejaz Ahmed and Justice Ghulam Rabbani further suggested that the matter should be reconsidered at ECC where it had been left out, especially with regard to 4-Gas company and others.
Chief Justice said that it was not their decision but as a matter of loud thinking, the government could take up matter at ECC to solve it.
He told counsels for Ministry to apprise the bench about outcome on Tuesday.
Earlier, SM Zafar, counsel for Ministry, resumed his arguments and said that it was not a matter of human rights violation as nobodys rights had been violated.
He said according to experts fifty per cent of countrys energy requirements would be met with execution of LNG project.
Why stop us when we are adopting set process in nations interest! A number of governments institutions are involved in the project he added.
He said if objection to this or that continued it will land government in land-mine area where its foot may strike a mine. Do not hang me for omissions, he prayed to Court.
He said government initiated a project in which Fauji Foundation issue was taken up in the ECC but not for award of LNG Pakistan Mashal project as they could not pay 3 billion $ and had dropped out of it.
He said both companies Fauji and Vitol had never complained that their case was not considered for Mashal.
He said the government had covered many milestones and insisted that there was not a one billion dollar loss.
He said the journalist upon whose story the apex Court had taken suo motu notice had gathered false or incomplete information.
Please do not allow them into nitty gritty of the project. We are passing through critical times and any person who changes horses in midstream is gone, is nowhere, he added.
Zafar said if LNG project was not allowed, it might make the country to suffer like it had suffered over issue of construction of Kalabagh Dam.
He said the marriage between 4-Gas and GDF Suez, the international reputed agencies, for construction of terminal, storage and degasifying of 2.5 billion tons of LNG would be a boon for the country.
He maintained that GoP checked prices index at National Price Committee which was set up in September and held about 53 meetings to review price offer of interested companies.
The Government wanted to know price index of 4-Gas and GDF Suez and the subsequent stages would come, he added.
Referring to news item about LNG project he questioned how it incurred one billion $ loss when they had not given a penny to anyone.
You have been asking me the questions about the stage that has not arrived yet, I have not the magic wand to respond to at this time, he said while replying to benchs query.
He said after review by experts, it was determined that Shell and GDF had price competition.
To Chief Justices question he replied that 4-Gas had not recommended Shell which was selected as a person for short supply LNG project, and its price was not good.
He apprised that 4-Gas had to construct terminal and for supply of LNG, it suggested four companies and out of them GDF Suez price was good.
He said if government followed the procedure and preferred a project which was good for the country, then what wrong it had done.
The government had no other choice, an irrelevant hue and cry was made in newspapers about decline of contract to Fauji and Vitol which had not participated in Mashal project.
Vitol was not in the competition at all. These companies were not being ignored but would be considered in due course of time, he added.
He said that they were dealing with sensitive issue and any adverse order could put countrys energy needs at stake.
These companies had to spend 2 billion $ to set up jetty port to look into their portfolios in Dubai while government had to sign term sheet with GDF Suez and after that memorandum of understanding would be signed with 4-Gas for agreement on sale and purchase purpose.
Ali Zafar, counsel for Sui Southern Gas, contended that execution of Mashal Project is must for three Ss, ie; security, sustainability and ultimately soverignity.
He said superior courts in the country only intervened in contracts/projects which might cause serious damage to the country.
The apex Court is a part of government in respect of three Ss, he added.
He said that they were not putting any money in the project as claimed but under public-private partnership they would only monitor the whole process.
Abdul Hafeez Pirzada said that he would also argue case of his client, GDF Suez, which had 40 per cent shares of French government.
He said the project could generate about 7,000 megawatts of electricity.
The bench is seized with hearing of a suo motu notice on a news item in which it had been claimed that top officials in Ministry of Petroleum and Natural Resources had awarded a multi-billion dollar contract for 3.5 million tons LNG import to a French firm after ignoring the lowest bid jointly offered by the Fauji Foundation and the Vitol.
Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - SC suggests reconsideration of LNG project award
ISLAMABAD, Apr 26 (APP): The Supreme Court here Monday suggested to counsels and officials of Ministry of Petroleum to discuss the issue of award of over one billion dollars Liquified Natural Gas (LNG) project with the Prime Minister for reconsideration of the same at Economic Coordination Committee. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Chaudhry Ejaz Ahmed and Justice Ghulam Rabbani further suggested that the matter should be reconsidered at ECC where it had been left out, especially with regard to 4-Gas company and others.
Chief Justice said that it was not their decision but as a matter of loud thinking, the government could take up matter at ECC to solve it.
He told counsels for Ministry to apprise the bench about outcome on Tuesday.
Earlier, SM Zafar, counsel for Ministry, resumed his arguments and said that it was not a matter of human rights violation as nobodys rights had been violated.
He said according to experts fifty per cent of countrys energy requirements would be met with execution of LNG project.
Why stop us when we are adopting set process in nations interest! A number of governments institutions are involved in the project he added.
He said if objection to this or that continued it will land government in land-mine area where its foot may strike a mine. Do not hang me for omissions, he prayed to Court.
He said government initiated a project in which Fauji Foundation issue was taken up in the ECC but not for award of LNG Pakistan Mashal project as they could not pay 3 billion $ and had dropped out of it.
He said both companies Fauji and Vitol had never complained that their case was not considered for Mashal.
He said the government had covered many milestones and insisted that there was not a one billion dollar loss.
He said the journalist upon whose story the apex Court had taken suo motu notice had gathered false or incomplete information.
Please do not allow them into nitty gritty of the project. We are passing through critical times and any person who changes horses in midstream is gone, is nowhere, he added.
Zafar said if LNG project was not allowed, it might make the country to suffer like it had suffered over issue of construction of Kalabagh Dam.
He said the marriage between 4-Gas and GDF Suez, the international reputed agencies, for construction of terminal, storage and degasifying of 2.5 billion tons of LNG would be a boon for the country.
He maintained that GoP checked prices index at National Price Committee which was set up in September and held about 53 meetings to review price offer of interested companies.
The Government wanted to know price index of 4-Gas and GDF Suez and the subsequent stages would come, he added.
Referring to news item about LNG project he questioned how it incurred one billion $ loss when they had not given a penny to anyone.
You have been asking me the questions about the stage that has not arrived yet, I have not the magic wand to respond to at this time, he said while replying to benchs query.
He said after review by experts, it was determined that Shell and GDF had price competition.
To Chief Justices question he replied that 4-Gas had not recommended Shell which was selected as a person for short supply LNG project, and its price was not good.
He apprised that 4-Gas had to construct terminal and for supply of LNG, it suggested four companies and out of them GDF Suez price was good.
He said if government followed the procedure and preferred a project which was good for the country, then what wrong it had done.
The government had no other choice, an irrelevant hue and cry was made in newspapers about decline of contract to Fauji and Vitol which had not participated in Mashal project.
Vitol was not in the competition at all. These companies were not being ignored but would be considered in due course of time, he added.
He said that they were dealing with sensitive issue and any adverse order could put countrys energy needs at stake.
These companies had to spend 2 billion $ to set up jetty port to look into their portfolios in Dubai while government had to sign term sheet with GDF Suez and after that memorandum of understanding would be signed with 4-Gas for agreement on sale and purchase purpose.
Ali Zafar, counsel for Sui Southern Gas, contended that execution of Mashal Project is must for three Ss, ie; security, sustainability and ultimately soverignity.
He said superior courts in the country only intervened in contracts/projects which might cause serious damage to the country.
The apex Court is a part of government in respect of three Ss, he added.
He said that they were not putting any money in the project as claimed but under public-private partnership they would only monitor the whole process.
Abdul Hafeez Pirzada said that he would also argue case of his client, GDF Suez, which had 40 per cent shares of French government.
He said the project could generate about 7,000 megawatts of electricity.
The bench is seized with hearing of a suo motu notice on a news item in which it had been claimed that top officials in Ministry of Petroleum and Natural Resources had awarded a multi-billion dollar contract for 3.5 million tons LNG import to a French firm after ignoring the lowest bid jointly offered by the Fauji Foundation and the Vitol.
Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - SC suggests reconsideration of LNG project award
H2O3C4Nitrogen
SENIOR MEMBER
- Joined
- Dec 3, 2007
- Messages
- 4,386
- Reaction score
- 0
SC disposes of LNG contract award case with direction
ISLAMABAD, Apr 28 (APP): The Supreme Court here Wednesday disposed of a human rights case concerning award of one billion $ award of Liquified Natural Gas contract, with direction to the Ministry of Petroleum to restart the process from where it had left with fresh recommendations to Economic Coordination Committee. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Chaudhry Ejaz Ahmed and Justice Ghulam Rabbani announced its detailed verdict on the issue after all parties agreed to Governments statement.
Authored by Chief Justice of Pakistan, the verdict holds that in view of illegalities, irregularities, omissions and commissions, noted in instant case, the officers/functionaries responsible, are required to be dealt with in accordance with law.
We hope that Chief Executive/Prime Minister of Pakistan shall probe into the matter accordingly, the verdict adds.
It says to achieve the transparency, openness, fairness and justice in awarding contract, the Ministry of Petroleum ultimately has to commence the proceedings of awarding contract from the stage where it was left, when instead of approving the name of 4-Gas for Mashal Project and the name of FAUJI/VITOL for short term LNG supply were not mentioned in the summary submitted to ECC and the names of Shell Gas & Power and GDF Suez were recommended.
It also reproduces statement of Kamran Lashari, Secretary Petroleum, who maintained that G.A. Sabri, Special Secretary Petroleum would not be associated with the contract anymore.
Referring to a written statement filed on behalf of government of Pakistan it says in view of statement, this petition was disposed of accordingly, with the hope that now the matter would be considered in a highly transparent manner.
It further says Here we may observe that it is duty of the Court to ensure that the Public Procurement Regulatory Authority Ordinance, 2002 read with the Public Procurement Rules, 2004 are adhered to strictly to exhibit transparency.
The bench says it is universally recognized principle that such type of transactions must be made in transparent manner for the satisfaction of the people, who are the virtual owners of the national exchequer, which is being invested in these projects.
It was observed by the Court that since Letter of Support (LOS) dated 17th December, 2008 was issued by the SSGCL in favour of 4-Gas on the recommendations of ECC as no other developer was declared to be qualified by the Consultants of SSGCL, introducing Shell Gas & Power and GDF Suez at this stage seems to be not covered by the documents in pursuance whereof 4-Gas was declared qualified for Integrated Project.
At the outset of proceedings SM Zafar, counsel for Ministry, apprised the bench that he had talked to Prime Minister of Pakistan after Courts observation and taken him into confidence.
Abdul Hafeez Pirzada, counsel for GDS Suez, insisted that media should carefully report Courts orders and requested that there should be some words of caution from the Court.
He referred to a headline of a English newspaper and said that it went out of context of Courts order and termed the contract a dirty deal.
He said on daily basis different cases were brought out and if they took these matters to Court, the whole judicial administration would collapse.
Chief Justice told Rauf Klasra, senior journalist upon whose story Court had taken suo motu, to be careful.
Chief Justice also stopped Anwar Mansoor Khan, counsel for GA Sabri, from arguing the case and said that he was engaged by his client in his private capacity and he was not representing government of Pakistan.
Pirzada also apprised the bench that Kamran Lashari being junior to Sabri could not proceed against him and it was Prime Minister who had the authority to initiate action.
Kamran Lashari secretary petroleum submitted a written statement under Courts yesterdays observations and agreed upon by all the parties.
The statement said that they would put up a summary relating to the Mashal Pakistan Project before the Economic Coordination Committee (ECC) for a fresh decision for awarding contract for supply of LNG to 4-Gas, the Developer declared qualified by the Consultant SSGCL.
Simultaneously, it would put up a summary relating to the Fauji/Vitol proposal against advertisement for Expression of Interest dated 18 July 2009 for consideration and decision independently and separately from the case of Mashal.
As a consequence of above, the ECC decision dated 9th February 2010 to award the contract of supply to any person would not give any right to such person to make any claim in this behalf and shall be of no consequence, the statement says.
SC disposes of LNG contract award case with direction
ISLAMABAD, Apr 28 (APP): The Supreme Court here Wednesday disposed of a human rights case concerning award of one billion $ award of Liquified Natural Gas contract, with direction to the Ministry of Petroleum to restart the process from where it had left with fresh recommendations to Economic Coordination Committee. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Chaudhry Ejaz Ahmed and Justice Ghulam Rabbani announced its detailed verdict on the issue after all parties agreed to Governments statement.
Authored by Chief Justice of Pakistan, the verdict holds that in view of illegalities, irregularities, omissions and commissions, noted in instant case, the officers/functionaries responsible, are required to be dealt with in accordance with law.
We hope that Chief Executive/Prime Minister of Pakistan shall probe into the matter accordingly, the verdict adds.
It says to achieve the transparency, openness, fairness and justice in awarding contract, the Ministry of Petroleum ultimately has to commence the proceedings of awarding contract from the stage where it was left, when instead of approving the name of 4-Gas for Mashal Project and the name of FAUJI/VITOL for short term LNG supply were not mentioned in the summary submitted to ECC and the names of Shell Gas & Power and GDF Suez were recommended.
It also reproduces statement of Kamran Lashari, Secretary Petroleum, who maintained that G.A. Sabri, Special Secretary Petroleum would not be associated with the contract anymore.
Referring to a written statement filed on behalf of government of Pakistan it says in view of statement, this petition was disposed of accordingly, with the hope that now the matter would be considered in a highly transparent manner.
It further says Here we may observe that it is duty of the Court to ensure that the Public Procurement Regulatory Authority Ordinance, 2002 read with the Public Procurement Rules, 2004 are adhered to strictly to exhibit transparency.
The bench says it is universally recognized principle that such type of transactions must be made in transparent manner for the satisfaction of the people, who are the virtual owners of the national exchequer, which is being invested in these projects.
It was observed by the Court that since Letter of Support (LOS) dated 17th December, 2008 was issued by the SSGCL in favour of 4-Gas on the recommendations of ECC as no other developer was declared to be qualified by the Consultants of SSGCL, introducing Shell Gas & Power and GDF Suez at this stage seems to be not covered by the documents in pursuance whereof 4-Gas was declared qualified for Integrated Project.
At the outset of proceedings SM Zafar, counsel for Ministry, apprised the bench that he had talked to Prime Minister of Pakistan after Courts observation and taken him into confidence.
Abdul Hafeez Pirzada, counsel for GDS Suez, insisted that media should carefully report Courts orders and requested that there should be some words of caution from the Court.
He referred to a headline of a English newspaper and said that it went out of context of Courts order and termed the contract a dirty deal.
He said on daily basis different cases were brought out and if they took these matters to Court, the whole judicial administration would collapse.
Chief Justice told Rauf Klasra, senior journalist upon whose story Court had taken suo motu, to be careful.
Chief Justice also stopped Anwar Mansoor Khan, counsel for GA Sabri, from arguing the case and said that he was engaged by his client in his private capacity and he was not representing government of Pakistan.
Pirzada also apprised the bench that Kamran Lashari being junior to Sabri could not proceed against him and it was Prime Minister who had the authority to initiate action.
Kamran Lashari secretary petroleum submitted a written statement under Courts yesterdays observations and agreed upon by all the parties.
The statement said that they would put up a summary relating to the Mashal Pakistan Project before the Economic Coordination Committee (ECC) for a fresh decision for awarding contract for supply of LNG to 4-Gas, the Developer declared qualified by the Consultant SSGCL.
Simultaneously, it would put up a summary relating to the Fauji/Vitol proposal against advertisement for Expression of Interest dated 18 July 2009 for consideration and decision independently and separately from the case of Mashal.
As a consequence of above, the ECC decision dated 9th February 2010 to award the contract of supply to any person would not give any right to such person to make any claim in this behalf and shall be of no consequence, the statement says.
SC disposes of LNG contract award case with direction
H2O3C4Nitrogen
SENIOR MEMBER
- Joined
- Dec 3, 2007
- Messages
- 4,386
- Reaction score
- 0
SC wants govt to revisit LNG deal
By Nasir Iqbal
Wednesday, 28 Apr, 2010
Petroleum Secretary Kamran Lashari read out a statement which said the ministry was willing to take the matter to the ECC again - File Photo
ISLAMABAD: The Supreme Court ordered on Tuesday that a fresh decision should be taken for the award of a contract for importing 3.5 million tons of liquefied natural gas (LNG) to parties which were declared qualified by consultants.
A three-judge bench comprising Chief Justice Iftikhar Mohammad Chaudhry, Justice Chaudhry Ijaz Ahmed and Justice Ghulam Rabbani had taken notice of a news report about the contract for Mashal LNG project awarded to French firm GDF-Suez. According to the report, the lowest bid jointly offered by Fauji Foundation and multinational energy firm Vitol had been ignored by the petroleum ministry.
The bench, with the consent of counsel for parties, suggested to the federal government’s representative to seek instructions from Prime Minister Yousuf Raza Gilani for moving a fresh summary to the Economic Coordination Committee of the cabinet.
“In view of the importance of the matter will it be possible that the petroleum ministry put up a new summary before the ECC for considering the case of 4-Gas, a Holland-based consortium, for the Mashal LNG project and on the basis of the same a fresh decision be taken for awarding the contract to parties which were declared qualified by the consultants, Potent and Partners,” the court said in its order.
Senator S.M. Zafar, the counsel for the government, will inform the court on Wednesday if it would be possible for the ECC to also consider Fauji Foundation and Vitol for a short-term supply of LNG or take a decision about their fate independently.
“Earlier decision of the ECC agreeing to award the supply of LNG to any firm (GDF-Suez) shall be of no consequence and will not give rise to claim by any party on this behalf,” the order said.
The court was dismayed at the conduct of senior officials of the petroleum ministry for keeping the ECC in the dark and said the government had suffered a lot because they had created havoc and done everything in a careless manner.
“We will not allow any one to play with the fate of the country just like that,” the chief justice warned. Earlier, S.M. Zafar and Abdul Hafeez Pirzada, appearing for GDF-Suez, informed the court that they had consulted the people concerned at all levels in the light of earlier observations of the court.
Petroleum Secretary Kamran Lashari read out a statement which said the ministry was willing to take the matter to the ECC again. The ministry also agreed to take the Fauji Foundation-Vitol proposal as an independent matter for the short-term supply of LNG.
Hafeez Pirzada requested the court to clear the name of his client which had been defamed for causing a loss of one billion dollars to the government. He said that if the matter was resolved in this manner then the allegation of wrongdoing by the French firm or the alleged loss to the government be expunged.
GDF-Suez, Mr Pirzada said, had drilling rights of 70 million tons of LNG and could supply 3.5 million tons of gas to Pakistan for 20 years, which when converted would provide 3,600MW of power to the energy-starved country.
He said that in case of a re-bidding the country would have to pay much more. “Therefore, to accuse the company of indulging in corruption is obnoxious to any human mind,” he said.
“Then the court has to decide the matter on merits,” the chief justice observed. He said the court was only concerned with the transparency aspect because the letter written by former finance minister Shaukat Tarin and admitting his mistake by mentioning the process lapse was quite alarming.
“In my personal view there was a misconception in his (Mr Tarin’s) mind because then he had detached himself from the process by resigning,” Mr Pirzada said.
Earlier, Barrister Syed Ali Zafar, the counsel for Sui Southern Gas Company, argued that the Mashal project was an integrated terminal meaning that supply, storage and re-gasification of LNG to be conducted by developer 4-Gas.
“The 4-Gas has proposed the names, among others, of GDF-Suez for the LNG supply and the government negotiated and discussed the terms with them. The negotiated terms for supply of LNG with GDF-Suez were approved by the consultants and a summary was then taken to the ECC,” Barrister Zafar said.
SC wants govt to revisit LNG deal
By Nasir Iqbal
Wednesday, 28 Apr, 2010
Petroleum Secretary Kamran Lashari read out a statement which said the ministry was willing to take the matter to the ECC again - File Photo
ISLAMABAD: The Supreme Court ordered on Tuesday that a fresh decision should be taken for the award of a contract for importing 3.5 million tons of liquefied natural gas (LNG) to parties which were declared qualified by consultants.
A three-judge bench comprising Chief Justice Iftikhar Mohammad Chaudhry, Justice Chaudhry Ijaz Ahmed and Justice Ghulam Rabbani had taken notice of a news report about the contract for Mashal LNG project awarded to French firm GDF-Suez. According to the report, the lowest bid jointly offered by Fauji Foundation and multinational energy firm Vitol had been ignored by the petroleum ministry.
The bench, with the consent of counsel for parties, suggested to the federal government’s representative to seek instructions from Prime Minister Yousuf Raza Gilani for moving a fresh summary to the Economic Coordination Committee of the cabinet.
“In view of the importance of the matter will it be possible that the petroleum ministry put up a new summary before the ECC for considering the case of 4-Gas, a Holland-based consortium, for the Mashal LNG project and on the basis of the same a fresh decision be taken for awarding the contract to parties which were declared qualified by the consultants, Potent and Partners,” the court said in its order.
Senator S.M. Zafar, the counsel for the government, will inform the court on Wednesday if it would be possible for the ECC to also consider Fauji Foundation and Vitol for a short-term supply of LNG or take a decision about their fate independently.
“Earlier decision of the ECC agreeing to award the supply of LNG to any firm (GDF-Suez) shall be of no consequence and will not give rise to claim by any party on this behalf,” the order said.
The court was dismayed at the conduct of senior officials of the petroleum ministry for keeping the ECC in the dark and said the government had suffered a lot because they had created havoc and done everything in a careless manner.
“We will not allow any one to play with the fate of the country just like that,” the chief justice warned. Earlier, S.M. Zafar and Abdul Hafeez Pirzada, appearing for GDF-Suez, informed the court that they had consulted the people concerned at all levels in the light of earlier observations of the court.
Petroleum Secretary Kamran Lashari read out a statement which said the ministry was willing to take the matter to the ECC again. The ministry also agreed to take the Fauji Foundation-Vitol proposal as an independent matter for the short-term supply of LNG.
Hafeez Pirzada requested the court to clear the name of his client which had been defamed for causing a loss of one billion dollars to the government. He said that if the matter was resolved in this manner then the allegation of wrongdoing by the French firm or the alleged loss to the government be expunged.
GDF-Suez, Mr Pirzada said, had drilling rights of 70 million tons of LNG and could supply 3.5 million tons of gas to Pakistan for 20 years, which when converted would provide 3,600MW of power to the energy-starved country.
He said that in case of a re-bidding the country would have to pay much more. “Therefore, to accuse the company of indulging in corruption is obnoxious to any human mind,” he said.
“Then the court has to decide the matter on merits,” the chief justice observed. He said the court was only concerned with the transparency aspect because the letter written by former finance minister Shaukat Tarin and admitting his mistake by mentioning the process lapse was quite alarming.
“In my personal view there was a misconception in his (Mr Tarin’s) mind because then he had detached himself from the process by resigning,” Mr Pirzada said.
Earlier, Barrister Syed Ali Zafar, the counsel for Sui Southern Gas Company, argued that the Mashal project was an integrated terminal meaning that supply, storage and re-gasification of LNG to be conducted by developer 4-Gas.
“The 4-Gas has proposed the names, among others, of GDF-Suez for the LNG supply and the government negotiated and discussed the terms with them. The negotiated terms for supply of LNG with GDF-Suez were approved by the consultants and a summary was then taken to the ECC,” Barrister Zafar said.
SC wants govt to revisit LNG deal
H2O3C4Nitrogen
SENIOR MEMBER
- Joined
- Dec 3, 2007
- Messages
- 4,386
- Reaction score
- 0
LNG case disposed off
By Express
April 28, 2010
Chief Justice Iftikhar Mohammad Chaudhry said that the LNG bidding process was not transparent.
Islamabad: The Supreme Court disposed off the LNG scam case on Wednesday and asked the prime minister to take action against officials involved in irregularities while awarding the LNG import contract.
The Petroleum Ministry was directed to hold fresh bidding for the contract, including the bid by Fauji Foundation and Vitol.
The Chief Justice had taken a suo moto notice on a newspaper story which revealed that the awarding of the contract worth nearly 20 billion dollars was not transparent.
The court was provided with evidence showing the contract was awarded to a company that did not take part in the bidding.
The prime minister has been asked to monitor the fresh biddings himself to keep the process transparent.
Earlier, the Federal Petroleum Secretary Kamran Lashari informed the Supreme Court in writing that the government has cancelled its contract with 4-Gas company for LNG import.
The Ministry of Petroleum had awarded a multi-billion dollar contract for LNG import to 4-Gas company by ignoring the lowest bid jointly offered by the Fauji Foundation and Vitol.
Now the names of these lowest bidders will be included in the new summary, which will be forwarded to the Economic Coordination Committee (ECC) of the cabinet for fresh bidding.
The case hearing has been adjourned for two weeks.
LNG case disposed off
By Express
April 28, 2010
Chief Justice Iftikhar Mohammad Chaudhry said that the LNG bidding process was not transparent.
Islamabad: The Supreme Court disposed off the LNG scam case on Wednesday and asked the prime minister to take action against officials involved in irregularities while awarding the LNG import contract.
The Petroleum Ministry was directed to hold fresh bidding for the contract, including the bid by Fauji Foundation and Vitol.
The Chief Justice had taken a suo moto notice on a newspaper story which revealed that the awarding of the contract worth nearly 20 billion dollars was not transparent.
The court was provided with evidence showing the contract was awarded to a company that did not take part in the bidding.
The prime minister has been asked to monitor the fresh biddings himself to keep the process transparent.
Earlier, the Federal Petroleum Secretary Kamran Lashari informed the Supreme Court in writing that the government has cancelled its contract with 4-Gas company for LNG import.
The Ministry of Petroleum had awarded a multi-billion dollar contract for LNG import to 4-Gas company by ignoring the lowest bid jointly offered by the Fauji Foundation and Vitol.
Now the names of these lowest bidders will be included in the new summary, which will be forwarded to the Economic Coordination Committee (ECC) of the cabinet for fresh bidding.
The case hearing has been adjourned for two weeks.
LNG case disposed off
H2O3C4Nitrogen
SENIOR MEMBER
- Joined
- Dec 3, 2007
- Messages
- 4,386
- Reaction score
- 0
Well CJ is surely gving Zardari and company some hard time..!!! It good that a guys like CJ are Present in Pakistan..!!!
AZADPAKISTAN2009
ELITE MEMBER
- Joined
- Sep 8, 2009
- Messages
- 37,669
- Reaction score
- 68
- Country
- Location
Corrrect decision Thank you Justice system
Thank you Justice systemSimilar threads
- Article
