Tag: SNGPL

Business Leaders Slam Gas Tariff Hike, Warn of Impact on SMEs and Exports

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OGRA-GAS

KARACHI: Chairman of the Businessmen Group (BMG) Zubair Motiwala and President of the Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani have strongly opposed the Economic Coordination Committee’s (ECC) recent decision to increase gas tariffs, calling the move irrational and harmful for the industrial sector, particularly small and medium enterprises (SMEs). In a joint statement on Friday, the business leaders termed the tariff hike unjustified in the current energy market context. They pointed out that global Brent crude prices have fallen and the SNGPL system is facing a…

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SNGPL Challenges OGRA’s Methodology in LHC, Raises Concerns Over ROA Calculation

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SNGPL-Office

Sui Northern Gas Pipelines Limited (SNGPL) has approached the Lahore High Court (LHC), contesting the Oil and Gas Regulatory Authority‘s (OGRA) methodology for calculating the Return on Assets (ROA). This development highlights the ongoing disputes between SNGPL and OGRA regarding gas pricing and regulatory frameworks. Key Issues: Potential Implications: Story by Wasim Iqbal

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SNGPL Seeks Petroleum Division’s Intervention on Gas Cost Equalisation and RLNG Financing

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SNGPL-Office

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has called on the Petroleum Division for urgent support to finalise a gas cost equalisation arrangement with Sui Southern Gas Company Limited (SSGC) and to include the full financing cost of short-term RLNG borrowings in the RLNG price structure to ensure cost recovery. In a letter to the Director General (Gas) at the Petroleum Division, SNGPL’s Chief Financial Officer (CFO) reaffirmed the company’s commitment to meeting its financial obligations, including payments to Pakistan State Oil (PSO). The letter highlighted that accumulated payment shortfalls…

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Gas Theft in KP Reduced by 64% in FY24

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Gas-SNGPL

PESHAWAR: Khyber Pakhtunkhwa’s southern region witnessed a significant reduction in gas theft and line losses, which dropped from Rs8.8 billion in FY20 to Rs3.17 billion in FY24. However, approximately Rs8.684 million worth of natural gas continues to be stolen daily in the districts of Karak, Hangu, and Shakardara, resulting in monthly losses of Rs264.66 million. The consistent decline in losses is attributed to rehabilitation initiatives by federal and provincial governments. Over the years, transmission and distribution losses have steadily decreased: FY20: 16,164 MMCF lost (Rs8.8 billion).FY21: 10,079 MMCF lost (Rs6…

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SNGPL Clarifies Gas Curtailment Claims

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SNGPL-Office

ISLAMABAD: In response to recent reports regarding gas field closures in favor of imported RLNG and alleged economic losses, Sui Northern Gas Pipelines Limited (SNGPL) has issued a clarification refuting key points in the published story titled “Local Gas Cuts Cause $194m Loss to Economy in 4 Months.” SNGPL stated that the indigenous gas fields were temporarily closed only in parts of December due to low RLNG demand from the power sector. Currently, all gas-producing fields are operational and producing at optimal capacity, with the power sector resuming RLNG consumption…

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