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Articles for tag: 3rd, Gas, hike, price, seeks, SNGPL, time, year

March 25, 2024

News Desk

SNGPL seeks 147% gas price hike, 3rd time in a year

A representational image of a gas stove. — Unscrew Ogra’s decision is expected after the public hearing in Peshawar. SNGPL aims to increase the average price of natural gas to Rs 4,446.89 per mmbtu. The company faces a projected revenue shortfall of Rs 189.18 billion. ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) is convening a public hearing in Lahore on Monday (today) on a petition filed by Sui Northern Gas Pipeline Limited (SNGPL), seeking a massive 147% hike in gas prices for the fiscal year 2024-25. If the proposed third hike is approved within a year, it is expected

March 24, 2024

News Desk

Gas crisis looms as $1 billion diverted to domestic sector

Islamabad: The natural gas sector is bracing for another hit as about $1 billion is earmarked to divert expensive RLNG to the domestic sector in a bid to ease a gas crisis expected in the 2024-25 financial year. The state-owned oil and gas entities are already under the burden of a revolving debt of Rs 710 billion, mainly due to the RLNG supply. Pakistan LNG Limited (PLL) is saddled with a revolving debt of Rs 142 billion, while Pakistan State Oil (PSO) faces Rs 568 billion, all from supplying RLNG to state gas utilities. The revelation comes from key stakeholders,

March 18, 2024

News Desk

After SSGC, SNGPL is also seeking huge hike in gas price

An office of Sui Northern Gas Pipelines Limited (SNGPL) is seen in this undated picture. —SNGPL Website/File SNGPL has estimated a revenue shortfall of Rs 189.18 billion. It calls for the enhanced price of natural gas to be implemented from July 1. Ogra will hear SNGPL’s appeal on March 25 in Lahore. LAHORE: After Sui Southern Gas Company (SSGC), Sui Northern Gas Pipelines Limited (SNGPL) has also asked the Oil and Gas Regulatory Authority (Ogra) to increase the price of natural gas, Geo News reported on Monday. The company sought a 147% gas price hike from the regulator that would

February 4, 2024

News Desk

The government will review the privatization of LNG plants

Islamabad: The Ministerial Group has warned against the privatization of two LNG power stations, citing concerns about the current investment climate. The government’s intention to privatize these plants, established during the tenure of Pakistan Muslim League-Nawaz under an LNG contract signed with the government of Qatar, is under scrutiny. Sources reveal that the apex committee of the Special Investment Facilitation Council (SIFC) has directed the possibility of privatization of two Re-Gasified Liquefied Natural Gas (RLNG) power plants. The committee constituted a ministerial team following the directives of the apex committee to assess the possibility of privatization of Haveli Bahadur Shah

December 6, 2023

News Desk

SNGPL is demanding 137% hike in gas tariff

SNGPL supplies gas to KP and Punjab. The report outlines an estimated revenue requirement for FY24 at Rs 179.16 billion View of SNGPL Head Office. — SNGPL SNGPL’s projected gas prices stand at Rs 1,715.49 per MMBTu. The company is seeking a rate revision to Rs 2,961.98/MMBTu. SNGPL estimates the cost of RLNG’s service at Rs 72.16 billion. ISLAMABAD: To address the looming revenue shortfall, Sui Northern Gas Pipeline Limited (SNGPL) is again demanding a significant 137% hike in average forecast gas prices of Rs 1,715.49 per MMBTu. The state-owned company, responsible for supplying natural gas to Punjab and Khyber

November 18, 2023

News Desk

The government is considering re-prioritizing natural gas supply

Islamabad: In response to the economic challenges and the rapid depletion of natural gas reserves, the government is considering re-prioritizing the Merit Order for natural gas procurement in various sectors. The Merit Order, which gives priority to domestic consumers, is under scrutiny as the economic decision-making body debates measures to address gas supply to fertilizer plants. During a recent meeting of the Economic Coordination Committee (ECC), concerns were raised about the significant foreign exchange required to import both Regasified Liquefied Natural Gas (RLNG) and urea. Members stressed the need to re-prioritize the Merit Order for gas supply in light of

June 24, 2023

The Pakistan Daily

President Alvi directs SNGPL to rectify gas bill, apologize to consumer

President Dr Arif Alvi has directed the Sui Northern Gas Pipelines Ltd (SNGPL) to rectify the gas bill of a consumer and apologize to him as he had been wrongly billed for two solar geysers instead of one at his residence. The contractor had wrongfully mentioned the installation of two geysers in forms, provided his own contact number to manipulate the verification process, submitted the documents to the SNGPL office and then absconded after committing fraud, said a press release on Saturday. “It is shameful that the management is ignoring corruption within SNGPL and harassing the members of the public.

November 1, 2022

The Pakistan Daily

SNGPL to provide gas cylinders to commercial consumers in winter season

Sui Northern Gas Pipelines Limited has announced to suspend gas supply to commercial consumers during winter to ensure gas supply to domestic customers in the winter season. The General Manager of SNGPL said commercial consumers will be provided RLNG cylinders at their doorsteps during this period. He said the initiative is being taken to ensure gas supply to domestic consumers with better pressure in the winter season.

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
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