ECC allows SNGPL to recover revenue shortfall


Allocates 12 MMCFD gas for Sui Southern Gas Company Limited
The Economic Coordination Committee (ECC) of the Cabinet has allowed Sui Northern Gas Pipelines Limited (SNGPL) for the recovery of previous revenue shortfall as well as enabling SNGPL to manage the load of the domestic and commercial sectors by diversion of regasified liquefied natural gas (RLNG) in the approaching winter.
Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh chaired the ECC meeting here on Wednesday. The ECC allowed allocation of 8 MMCFD gas from Mangrio discovery and 4 MMCFD of gas from Mithri gas discovery for Sui Southern Gas Company Limited (SSGCL).
The committee also allowed OGRA to issue new CNG licences to RLNG-based CNG stations with the provision that the licensee would neither receive indigenous gas nor can claim for its conversion to indigenous gas. The ban on the issuance of new licences has been imposed since 2008. The ECC constituted a three-member committee consisting of secretary finance, secretary commerce and secretary national food security (as the chairman of the committee) to negotiate the price of wheat with the Russian Government for the further procurement of wheat. Besides, 330,000 MT of wheat when imported by TCP shall be distributed equally among 3 recipient agencies i.e. PASSCO, Punjab and Khyber Pakhtunkhwa (110,000 MT each).