Rs113.9bn being spent on reinforcement of gas transmission network

News Image

By MG News | July 13, 2022 at 02:09 PM GMT+05:00

0:00

Jul 13, 2022: The two state-owned companies, SNGPL and SSGC, would collectively spend funds amounting to Rs 113.899 billion on the reinforcement of gas transmission networks in their operational areas across the country during the current fiscal year.

“The Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) have planned to invest Rs 27,669 million on transmission projects, Rs 77,484 million on distribution projects and Rs 8,746 million on other projects bringing the total investment of Rs 113,899 million during the fiscal year 2022-23,” according to an official document available with APP.

During the first nine months of the last fiscal year (July-March 2021-22), the companies gasified 108 villages and towns at their respective networks, besides laying 67 kilometers (KM) gas transmission pipelines lines, 3,244 KM main and 829 KM services lines.

During the same period in 2020-21, they also provided around 259,212 additional gas connections including 257,644 domestic, 1473 commercial and 95 industrial across the country as compared to 304,573 additional gas connections.

“It is expected that gas will be supplied to approximately 736,060 new consumers (this target is subject to approval/revision by OGRA during FY2023,” the document said, adding the indigenous supply of natural gas witnessed a decline of around 5 per cent and its contribution recorded at 33.1 per cent in the total primary energy supply mix of the country.

The available statistics indicated that Pakistan has an extensive gas network with more than 13,513 KM transmission, 155,679 KM distribution and 41,231 KM service gas pipelines to cater for the requirement of millions of consumers. The number of consumers has increased from 10.3 million to more than 10.7 million across the country.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 130,970.86
47.86M
0.22%
284.20
ALLSHR 81,534.62
251.76M
0.28%
229.37
KSE30 40,043.07
24.35M
0.24%
97.62
KMI30 191,034.99
27.96M
0.18%
336.93
KMIALLSHR 55,122.00
121.64M
0.09%
47.85
BKTi 34,802.07
3.78M
0.68%
233.67
OGTi 28,579.98
2.26M
-0.55%
-159.37
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,825.00 110,525.00
109,600.00
-590.00
-0.53%
BRENT CRUDE 68.61 68.89
68.42
-0.19
-0.28%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.90 67.18
66.72
-0.10
-0.15%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 10:45 AM GMT+05:00

Pakistan charts AI roadmap for key development sectors


July 04, 2025 at 09:49 AM GMT+05:00

Lucky Cement achieves historic export milestone


July 04, 2025 at 09:40 AM GMT+05:00

NBP issues foreign exchange rates


July 04, 2025 at 09:34 AM GMT+05:00

TRG Pakistan plans appeal against IHC Order



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg