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SNGPL reports a shortfall in revenue of Rs178bn: OGRA

SNGPL's challenge to arbitration awards dismissed by English High Court
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November 14, 2022 (MLN): The Sui Northern Gas Pipelines Limited (SNGPL) filed a petition on 14th Oct’22 to review its estimated revenue requirement or prescribed prices for the fiscal year 2022-2023, the statement issued by OGRA spokesperson.

In the petition, SNGPL has projected a shortfall in revenue requirement at Rs178.81 billion, including Rs445 million on account of the LPG Air-mix project for FY 2022-23 seeking an increase in its average prescribed price by Rs488.08 per MMBTU effective July 01, 2022.

The petitioner (SNGPL), has also included Rs. 295.27mn, being a shortfall pertaining to previous years, thereby seeking a total increase in average pre-scribed price by Rs1,294.02 per MMBtu w.e.f. 1st July 2022.

Besides the above, the petitioner has estimated the RLNG cost of service at Rs1,015.64 per MMBTU for 2022-23 including Rs762.44 per MMBTU on account of the differential impact of RLNG diversion.

A Public Hearing was held by OGRA to review the petition filed by Sui Northern Gas Pipelines Limited SNGPL, and all the stakeholders, consumers, and the general public attended the public hearing and present their points of view on SNGPL’s petition.

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Posted on: 2022-11-14T18:08:54+05:00