SNGPL’s shareholders have approved a 40 percent cash dividend for the financial year 2019-20. Shareholders of Sui Northern Gas Pipelines Limited (SNGPL) held its 56th Annual General Meeting on Thursday to consider approval of cash dividend. The shareholders of the Company approved the Annual Accounts for the FY 2019-20 with profit after tax of Rs….
Engro obtains Stay Order from Sindh High Court due to dispute with SNGPL Ibn-e-Ameer Islamabad: Government has increased the prices of gas for Fatima Fertilizer to continue gas supply effective from July 1, 2021. New fertilizer plants have been paying prices of gas at 70 cents per MMbtu whereas old plants pay Rs 302 per…
Ibn-e-Ameer The government has collected Rs 16 billion from textile and fertilizer companies through gas infrastructure development cess (GIDC), from consumers.GIDC is a form of gas tax that the government is charging consumers to build mega pipeline projects. What Does Gas Tax Pay For The Sui companies like SNPL and SSGC have been supplying gas…
Mari Petroleum Company Limited (MPCL) has supplied 40 million cubic feet per day (MMCFD) to the national grid on a fast track basis to address woes of electricity load shedding. Sources told Newztodays.com that Mari Petroleum has been supplying 110 mmcfd gas to CPGCL/GENCO-II. However, this power plant operates on and off due to merit…
CCoE considers the option of executing the project by state-owned gas utilities-SNGPL and SSGC Aftab Ahmed Islamabad: The government has missed the deadline of the Supreme Court to start construction work on the North-South Gas Pipeline Project. Now, the government considers the option of executing the project by state-owned companies-SNGPL and SSGC as Pakistan has…
President FPCCI Nasir Hayat Magoon on Monday said a nationwide gas suspension for seven unacceptable as it will take a toll on masses and industry while the CNG sector will be one of the worst-hit. Sales tax on LNG import for the CNG sector has been increased by 12 percent while five percent Customs duty has been…
Aftab Ahmed Sui Southern Gas Company (SSGC) has booked Rs 30 billion to recover it in a gas bill from customers as a result of the LNG swap. Sources told Newztodays.com that SSGC had earlier booked Rs 15 billion last year on account of an and wanted to recover a gas bill from the customers….
Aftab Ahmed Islamabad: The Cabinet Committee on Energy (CCoE) may approve the suspension of gas supply to fertilizer plants under the gas load management plan if it allows Engro LNG terminal for dry docking. The CCoE in a meeting held on Thursday would discuss two options. The first option included disallowing the Engro LNG terminal…
Aftab Ahmed Islamabad: India is shy of moving ahead on Russia’s offshore gas pipeline project due to a diplomatic row with Pakistan. Pakistan and Russia had signed an inter-corporate agreement in February 2019 in a bid to build an offshore gas pipeline. India has been an ally of the United States (US) for a long….
The Sui Southern Gas Company Limited (SSGC) has said that claim of Sui Northern Gas Pipeline Limited (SNGPL) to recover Rs 52.3 billion is an incorrect assertion. SSGC in a statement said that this is a clarification of a news item published in NewzTodays. The news item says that “Sources told Newztodays.com that SNGPL to…