Latest news with #SuiNorthernGasPipelinesLtd
Business Recorder
28-05-2025
- Business
- Business Recorder
SNGPL tells APTMA all gas-related issues will be resolved on a priority basis
LAHORE: Managing Director Sui Northern Gas Pipelines Ltd (SNGPL) Amer Tufail has assured All Pakistan Textile Mills Association (APTMA) of resolving all gas-related issues of textile industry on top priority. He was talking to leading textile manufacturers and exporters during his visit to APTMA along with a team of senior SNGPL officials including Faisal Iqbal, Deputy Managing Director, Saqib Arbab, Deputy Managing Director and Jawad Naseem, Senior General Manager and other senior management. Earlier, he was received at APTMA by Kamran Arshad, Chairman, Ali Ahsan, Aamir Fayyaz, Former Chairmen, Aamir Sheikh, Faisal Jawed, Muhammad Ali, Danish Aslam, Haroon Ellahi, Shaiq Jawed, Rehman Naseem, Senior Executives, Raza Baqir, Secretary General and other senior executives of APTMA member mills. Amer Tufail said that Textile Industry has a share of more than 60% in the total exports of Pakistan and brings valuable foreign exchange of billions of dollars to the country. As such, incessant operations of textile mills is not only very important for the country but for SNGPL also. He added that export industry has always been extended high priority on supply of gas and SNGPL will continue to extend fully facilitation and cooperation to Textile Industry in order to meet their energy requirements. Amer offered to lay dedicated pipeline to the mills opting to use gas on 24 hours basis so as to save them from any gas outages or pressure issues. Speaking on the occasion, Kamran Arshad highlighted excessive high tariff of gas especially imposition of unjustified levy on supply of gas. He added that levy has exorbitantly raised gas tariff which has become the highest in the region rendering our exporter incompetitive in the global textile market. He continued that tariff of gas supplied by SNGPL is even higher than RLNG price which has tempted the industry to switch over for purchase of gas from SNGPL to the open market suppliers. He continued that electricity supplied by grid now costs Rs 29.60/kWh whereas electricity generated through gas now costs Rs 41.63/kWh. This difference of Rs 12.03/kWh per unit has forced many mills to stop consumption of gas. To illustrate his point, he informed that gas consumption by member mills during April 2025 was only 13 MMCFD as against average consumption of more than 150 MMCFD per month. The chairman APTMA requested SNGPL to take up issue of excessively high gas tariff with the relevant authorities in the Government of Pakistan as well as IMF. Copyright Business Recorder, 2025
Express Tribune
10-04-2025
- Business
- Express Tribune
Gas companies seek sharp price hike from July to cover shortfalls
Listen to article Pakistan's two major gas utilities have filed requests to raise consumer prices significantly from July, citing projected financial shortfalls and revenue requirements for the 2025–26 fiscal year. According to regulatory filings, Sui Northern Gas Pipelines Ltd (SNGPL) has requested an average increase of Rs735.59 per million British thermal units (MMBTU), while Sui Southern Gas Company Ltd (SSGC) is seeking a hike of Rs2,443 per MMBTU, inclusive of previous deficits, Express News. SNGPL has estimated total revenue requirements of Rs700.97 billion and a shortfall of Rs207.43 billion. The company has proposed a new average consumer price of Rs2,485.72 per MMBTU. SSGC has submitted a revenue requirement of Rs 883.54 billion, with a shortfall of Rs44.33 billion, and requested to set the average gas tariff at Rs4,137.49 per MMBTU. Public hearings on the applications will be held in Lahore and Peshawar for SNGPL on April 18 and 28, and in Karachi and Quetta for SSGC on April 21 and 23. The proposed increases come amid inflationary pressures and continued reforms in the energy sector as Pakistan works to reduce circular debt and meet IMF fiscal targets.
