Latest news with #SSGC
Business Recorder
4 days ago
- Business
- Business Recorder
Iran-Israel conflict: Govt should make urgent arrangements for LPG imports
ISLAMABAD: LPG Distributors Association Chairman Irfan Khokhar warned that the ongoing Iran-Israel conflict could lead to a severe LPG crisis across Pakistan if storage capacity is not immediately increased. According to Khokhar, Pakistan faces a historic LPG shortfall. With borders closed due to the Iran-Israel war, he urged the government to make urgent special arrangements for LPG imports. Otherwise, Pakistan will experience a significant LPG shortage. This potential shortage has also activated the LPG mafia, which could drive up the price of a domestic LPG cylinder to PKR 5,000 to PKR 6,000 or more. The per-kilogram price is expected to reach PKR 450 to PKR 500, while commercial cylinders could hit PKR 20,000 to PKR 23,000. Pakistan's daily consumption is 6,000 metric tons, while monthly local production stands at 60,000 to 70,000 metric tons. Khokhar highlights that the LPG terminals at Port Qasim, SSGC and EVTL, have a combined storage capacity of only 6,500 metric tons. The total storage at Port Qasim is 13,000 metric tons, which is insufficient for Pakistan's needs. In contrast, a country like Bangladesh has an LPG storage capacity of 300,000 metric tons. He emphasizes the urgent need to increase Pakistan's LPG storage. He advises all distributors and shopkeepers to keep their stocks full. Copyright Business Recorder, 2025
Business Recorder
14-06-2025
- Business
- Business Recorder
SNGPL, SSGC: Weighted average price of imported RLNG cut slightly
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday notified a slight reduction in the weighted average price of imported Re-gasified Liquefied Natural Gas (RLNG) for both gas companies – the Sui Northern Gas Pipeline Limited (SNGPL) and the Sui Southern Gas Company (SSGC) with effect from June 1, in a monthly review. The Ogra states, 'The slight decrease in RLNG prices is due to slight decrease in Terminal charges'. Terminal charges have gone down to $0.4704 per mmbtu from $0.4843 in previous month. The price has been worked out base at ten RLNG cargoes arrived under long term contracts. The oil and gas regulator set $11.0154 per mmbtu RLNG price for transmission and $11.7816 per mmbtu for distribution for SNGPL consumers which is slightly low on month-to-month basis (May). In previous month, the transmission cost was $11.0257 per mmbtu and $11.7925 per mmbtu for distribution for SNGPL. A 0.09 percent or $0.0103 per mmbtu reduction has been recorded. Whereas, the regulator set $9.7284 per mmbtu for RLNG price for transmission and $10.8650 per mmbtu for distribution for SSGC consumers which is slightly low on month-to-month basis (May). In the previous month, the transmission cost was $9.7367 per mmbtu and $10.8742 per mmbtu for distribution for SSGC. A 0.08 percent or $0.0092 per mmbtu reduction has been recorded. Copyright Business Recorder, 2025
Express Tribune
11-06-2025
- Business
- Express Tribune
15% hike in oil refining planned
Listen to article Pakistan is likely to increase its refining capacity by 15% by the year 2027 through plant upgrade projects, which are being executed under the Oil Refining Policy 2023, according to the Annual Plan for fiscal year 2025-26. For FY26, the targets for crude oil and natural gas production have been fixed at 24.24 million barrels and 1.24 trillion cubic feet (tcf), respectively. The target for local liquefied petroleum gas (LPG) supply has been set at 0.75 million tonnes. The shortfall in indigenous gas supplies will be bridged through liquefied natural gas (LNG) imports, which are estimated at 7.5 million tonnes. Both gas transmission and distribution companies – Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) – have set goals of adding 116,270 new consumers and 2,770 km of transmission and distribution pipelines during FY26. During the year, efforts will be made to explore 14.8 million tonnes of local coal to count on domestic production and slash the import bill. To reduce reliance on imported fuels, which currently meet 30% of gas demand, and address infrastructure gaps, the Petroleum Division has prioritised three key initiatives for FY26, which is beginning in July. The scope of the Village Gasification project will be expanded to 81 villages near gas fields by laying 2,770 km of new pipelines. Adaptation, resilience strategies Under these programmes, energy efficiency projects will be kick-started during FY26. These projects include the Machike, Thalian and Taru Jabba White Oil Pipeline, which is termed environment-friendly. Pakistan's energy sector requires a transformative approach to address the challenges of energy security, affordability and sustainability. The Integrated Energy Planning Initiative, led by the Ministry of Planning and Development, aims to reshape the energy landscape through data-driven and analysis-based decision-making and policy formulation. During FY25, crude oil production stood at 23.55 million barrels against the target of 26.55 million barrels, while the production of natural gas was 1.08 tcf, lower than the target of 1.21 tcf. Local LPG supply came in at 0.73 million tonnes compared to the target of 0.79 million tonnes. In the outgoing year, a total of 35 wells (14 exploratory and 21 developmental) were drilled, significantly lower than the target of 67 wells (27 exploratory and 40 developmental). A target of 15.4 million tonnes had been set for coal exploration, of which 13.82 million tonnes were extracted, marking a 90% success rate. To bridge the gas demand-supply gap, around 7 million tonnes of LNG is expected to be imported by June 2025 against targeted imports of 8.85 million tonnes. The goal could not be achieved due to the failure of international suppliers to deliver LNG as per contractual agreements. Gas pipelines During fiscal year 2024-25, SNGPL and SSGC collectively added 20,061 new consumers (including domestic, commercial and industrial) compared to the target of 68,990 consumers. The two Sui companies also added 2,254 km of transmission and distribution pipelines against the target of 3,274 km. With the proposed allocation of Rs2,541 million for FY25, the Petroleum Division advanced activity on four ongoing projects. These included the expansion and upgrading of Pakistan Petroleum Corehouse to ensure sustainable operations and facilitate oil and gas exploration, the Strategic Underground Gas Storage project and the supply of gas to villages and localities falling within 5 km radius of gas-producing fields of SNGPL and SSGC.
Business Recorder
06-06-2025
- Business
- Business Recorder
Eidul Azha days: SSGC announces gas supply schedule
ISLAMABAD: The Sui Southern Gas Company (SSGC) has announced schedule of gas supply for Eidul Azha days. To ensure convenience for both domestic and commercial users, SSGC will maintain gas supply during the three days of Eidul Adha according to the following schedule: Friday – June 6, 2025- Gas supplies will be suspended at 12:00 am in the night. Saturday – June 7, 2025 First Day of Eid- Gas supply will resume at 5:00 am and will remain uninterrupted for the rest of the day. Sunday – June 8, 2025 – Second Day of Eid- There will be no gas suspension throughout the day. Monday – June 9, 2025 – Third Day of Eid-Gas supply will remain available all day until 12:00 am in the night. From Tuesday, June 10, 2025, gas supplies will revert to old schedule. Copyright Business Recorder, 2025
Business Recorder
05-06-2025
- Business
- Business Recorder
SSGC announces schedule for gas supply during Eid-ul-Adha 2025 holidays
The Sui Southern Gas Company (SSGC) on Thursday issued gas supply schedule for Eid-ul-Adha days, vowing to ensure uninterrupted supply to domestic and commercial consumers during the three-day holidays. In a statement, the gas company extended advance Eid greetings to its customers and announced that it would suspend routine load management during Eid days to facilitate households and businesses. Govt working to lift ban on new gas connections, says minister According to the schedule: Friday – June 6, 2025 Gas supply will be suspended at 12:00 midnight. Saturday – June 7, 2025 – First Day of Eid Gas supply will resume at 5:00 AM and will remain uninterrupted for the rest of the day. Sunday – June 8, 2025 – Second Day of Eid There will be no gas suspension throughout the day. Monday – June 9, 2025 – Third Day of Eid Gas supply will remain available all day until 12:00 midnight. From Tuesday, June 10, 2025, the regular gas supply schedule would resume, the SSGC said.
