SNGPL enters into Gas Supply Agreements

MG News | September 16, 2019 at 10:35 AM GMT+05:00

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September 16, 2019 (MLN): Sui Northern Gas Pipelines Limited has entered into Gas Supply Agreements (GSAs) for the supply of RLNG to Government Power Producers (GPPs), revealed an official notification issued to the Pakistan Stock Exchange (PSX) on Monday.

According to the notification, the GPPs shall take and if not taken, pay for the unutilized gas on account of Take or Pay (ToP) arrangements. If the GPPs don’t fully utilize the ToP quantity, they can request the company to divert any unutilized quantity to other power plants, after seeking their consent. In case the power plants refuse or the Company, due to technical constraints or other reasons, is unable to supply the unutilized quantity to the power plants, it can divert that quantity to any of its customers.

The GPPs disputed the invoices under ToP arrangements on various grounds and filed a writ petition with the Honorable Lahore High Court (LHC).

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