MARI allocated 75 MMSCFD gas to Pak Arab Fertilizer after ECC approves proposal

Prime Minister Shahid Khaqan Abbasi yesterday chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet at Prime Minister’s Office where he approved the proposal to allocate 35 MMCFD Mari Shallow Gas and 40 MMCFD of Marri Deep Gas to PakArab Fertilizer Limited (PFL) in order to optimally utilize its available installed capacity, encourage indigenous production of fertilizers and to lessen the reliance on imported Urea.

Mari Petroleum Company Limited (MPCL) today in a notice addressed to the exchange informed that “the Economic Co-ordination Committee of the Federal Cabinet in its meeting held on May 17, 2018 (evening) has approved allocation of 75 MMscfd gas from Mari Gas Field to PakArab Fertilizer Limited (PFL).” The company further informed that, “The allocation comprises Mari’s additional production potential from both shallow and deep reservoirs made available from new discoveries and appraisal/development wells.”

The ECC also considered the issue of allocation of site to private LNG developers for establishment of LNG Terminal. It was decided that only those sites at Port Qasim would be allocated for the establishment of LNG Floating Terminal which have been declared safe after undertaking Quantitative Risk Assessment.