SNGPL Archives -

“PSO Sounds Alarm Over Rising Circular Debt, Urges Payment of Rs550 Billion Dues for LNG Supply”

March 27, 2024March 27, 2024 Admin

Pakistan State Oil (PSO) has raised concerns about the escalating circular debt in the energy supply chain, particularly in liquefied natural gas (LNG) sales, warning of potential disruptions if outstanding dues are not addressed promptly. In a letter addressed to the managing director of Sui Northern Gas Pipelines Limited (SNGPL), PSO highlighted the critical issue of increasing outstanding payments for…

RLNG price cut by 8pc for January

January 19, 2024January 19, 2024 Admin

ISLAMABAD: With system losses touching a massive 14.5 per cent, the Oil and Gas Regulatory Authority (Ogra) on Thursday notified up to 8pc reduction in the sale price of regasified liquefied natural gas (RLNG) for two Sui gas companies — SSGCL and SNGPL — for the current month with effect from Jan 1 owing to lower international prices. The RLNG…

Energy sector circular debt hits record Rs5.73tr despite tariff hikes

January 17, 2024January 17, 2024 Admin

The viability of power and gas sector companies continues to deteriorate due to the circular debt, affecting Pakistan’s borrowing options Pakistan’s energy sector is grappling with soaring circular debt, now reaching a staggering Rs5.73 trillion, as revealed by official documents. This figure has exceeded the previous estimate reported to the International Monetary Fund (IMF) two months ago by Rs1.5 trillion.…

Govt to recover Rs232b for LNG

December 27, 2023December 27, 2023 Admin

Gives fertiliser plants LNG worth Rs15b to be recovered from consumers ISLAMABAD: In the face of resistance from the Sindh province, the caretaker government is aiming to recoup Rs232 billion, representing the cost of diverting expensive Liquified Natural Gas (LNG) supply to domestic consumers from January 1, 2024. The gas utility, Sui Northern Gas Pipelines Limited (SNGPL), had redirected costly…

Ogra chief says gas tariff could go up

December 12, 2023December 12, 2023 Admin

LAHORE: Talking about the possibility of a gas tariff hike, Oil & Gas Regulatory Authority (Ogra) Chairman Masroor Khan has said costly liquefied natural gas (LNG) is being imported as domestic reserves deplete. Speaking at a public hearing on Monday on the Sui Northern Gas Pipelines Limited (SNGPL) petition for a review of its estimated revenue requirement and prescribed prices…

SNGPL seeks significant security deposit increase for gas consumers

December 8, 2023December 8, 2023 Admin

The suggested hike could raise the security deposit for RLNG consumers to Rs50,000, up from the current Rs15,000 for those using over 1.67 cubic meters of gas per month ISLAMABAD: The Sui Northern Gas Company Limited (SNGPL) has requested a significant security deposit increase for domestic gas consumers in a proposal submitted to the Oil and Gas Regulatory Authority (Ogra).…

SNGPL discovers 1500-metre-long illegal pipeline in Islamabad’s Kangota Syedan

December 8, 2023December 8, 2023 Admin

RAWALPINDI: Sui Northern Gas Pipeline’s (SNGPL) task force continued the crackdown on gas theft in Islamabad and discovered a 1500-metre-long illegal gas pipeline from Japan Road village, Kangota Syedan. A spokesman for the SNGPL said on Thursday that the Federal Investigation Agency (FIA) has started legal proceedings against those involved in the laying of illegal gas networks. While sharing the…

Massive hike in gas tariffs now seems inevitable

October 11, 2023October 11, 2023 Admin

ISLAMABAD: The government is all set to increase effective gas prices for non-protected domestic consumers by up to 129 percent, bulk 25 percent, commercial 136 per cent, export industry 71 percent, non-export industry 117 percent, CNG 144 percent, cement 193 percent and Liberty Power 62 percent, sources close to Secretary Petroleum told Business Recorder. To be applicable from October 1, 2023,…

SNGPL, Iesco crackdown on gas pilferers, power defaulters continues

October 5, 2023October 5, 2023 Admin

RAWALPINDI/ISLAMABAD: The task force of Sui Northern Gas Pipelines (SNGPL) on Wednesday imposed a fine of Rs500,000 on people involved in gas theft in different localities of the capital, Murree, Fatehjang, Attock and Wah Cantt. On the other hand, the Islamabad Electric Supply Company (Iesco), during the ongoing campaign against defaulters, was able to recover Rs316.3 million from 20,708 consumers.…

SNGPL imposes Rs55m in fines over gas pilferage in Punjab, KP

September 25, 2023September 25, 2023 Admin

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) teams have disconnected 7,187 connections — 7,144 domestic and 43 commercial — in several operations from September 8 to date in Punjab and Khyber Pakhtunkhwa due to gas pilferage and other complaints. The company imposing heavy fines totalling Rs55.2 million, according to an SNGPL spokesperson. “Over the past 17 days, we have disconnected…