ISLAMABAD – The Special Investment Facilitation Council (SIFC) on Wednesday formally endorsed a revenue-sharing agreement between Sui Southern Gas Company Limited (SSGC) and Jamshoro Joint Venture Limited (JJVL), paving the way for the resumption of operations at the JJVL LPG-NGL extraction plant within 45 days—by July 31.
Under the approved arrangement, SSGC and JJVL will operate on a 66:34 revenue-sharing formula, with SSGC also receiving 25% of the LPG output at the OGRA-notified producer price. The deal is expected to generate Rs2 billion annually for SSGC.
The agreement, initially approved by the SSGC board, was submitted to the SIFC for endorsement. A senior official from the Petroleum Division confirmed that while the agreement has been initialed, formal signing will take place once the SIFC minutes are officially released.
The SSGC management sought the SIFC’s endorsement to ensure transparency and preempt potential scrutiny from the National Accountability Bureau (NAB). The move is seen as a significant step towards boosting domestic LPG production and enhancing energy sector efficiency.
Story by Khalid Mustafa
