KARACHI: Ghani Chemical Industries Limited (GCIL) has secured a five-year gas processing contract from Oil & Gas Development Company Limited (OGDCL) to develop and process natural gas from the Sono Lashari Field in Sindh, marking a significant step in the company’s expansion into Pakistan’s energy processing sector.
The company disclosed the development in a notice submitted to the Pakistan Stock Exchange (PSX) on Tuesday.
Under the agreement, OGDCL will allocate a designated volume of raw natural gas from the Sono Lashari Field to GCIL for processing into value-added hydrocarbon products, including Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), and associated hydrocarbon condensates.
GCIL stated that project implementation will begin after completing the necessary engineering, procurement, regulatory approvals, and site mobilisation activities. Commercial operations are expected to commence during the first quarter of 2027.
According to the company, the project has the potential to generate annual revenues of approximately Rs1.5 billion to Rs2 billion, based on the current technical configuration and prevailing market conditions, once commercial production begins.
The company described the agreement as a major milestone in its long-term growth strategy, aimed at diversifying beyond industrial and medical gases into the energy processing business while creating a sustainable new source of recurring revenue over the five-year contract period.
GCIL noted that the project’s financial contribution will begin once commercial operations are launched in early 2027.
Established as a private limited company in 2015 and converted into a public limited company in 2017, Ghani Chemical Industries Limited has emerged as one of Pakistan’s leading manufacturers of industrial and medical gases. The company currently operates five state-of-the-art Air Separation Unit (ASU) plants across the country, supplying industrial and healthcare sectors with a range of high-quality gas products.
