PM Orders Forensic Analysis of Gas Companies’ Revenue Requirements

Prime Minister Initiates Third-Party Analysis of Sui Gas Companies’ Revenue Needs

In a recent development, Prime Minister Shehbaz Sharif has instructed a third-party forensic analysis of the revenue requirements for Sui gas companies, as determined by the Oil and Gas Regulatory Authority (Ogra). This directive came during a presentation on the petroleum sector, highlighting the government’s commitment to ensuring transparency and accuracy in revenue assessments.

The meeting chaired by the Prime Minister also outlined several key presentations to be made within a month, covering areas such as Weighted Average Cost of Gas (WACOG), the mineral sector, offshore gas, Tight Gas exploration plans, unbundling of Sui gas companies, and energy efficiency standards for home appliances.

Furthermore, PM Shehbaz Sharif emphasized the importance of offshore gas exploration, directing a comprehensive study and proposal for exploration deals to be developed within three months. Quality consultants will be engaged to assist in offshore gas exploration ventures.

The Prime Minister is set to be the chief guest at the Tight Gas Exploration plan roll-out ceremony, indicating high-level attention to the country’s energy sector strategies.

Additionally, the government plans to constitute committees to propose amendments in the State-Owned Entities Act for competent professional board reviews, oversee the Iran-Pakistan Gas Pipeline project, address circular debt flow issues, promote biomass fuel pellets, and develop industrial zones to utilize surplus power capacity.

The Power Division has been tasked with resolving net metering issues and presenting proposals for industrial zone development, while the Petroleum Division will hire consultants to assess infrastructure losses and inefficiencies within three months, highlighting a comprehensive approach to energy sector challenges.

Story by Mushtaq Ghumman

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