SNGPL to distribute 100,000 LPG cylinders
MG News | October 03, 2022 at 09:44 AM GMT+05:00
October 3, 2022 (MLN): Sui Northern Gas Pipelines Limited (SNGPL) will distribute 100,000 Liquified Petroleum Gas (LPG) cylinders due to expected gas shortage in the upcoming winter, the company’s stock filings on the stock exchange showed.
In a filing the gas distribution company said, in view of potential gas shortfall in the forthcoming winter the Ministry of Energy (Petroleum Division) recommended that all possible options should be explored to meet consumers’ energy demand, including supplying LPG Cylinders.
"The initial investment for this venture is up to Rs1.2 billion and the return on investment is not subject to the present Return on Assets (ROA) regime and will be determined as per market dynamics,” the company said.
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