SSGCL restores gas supply to JJVL, A.F Furguson appointed to supervise the arrangement
MG News | January 08, 2019 at 09:38 AM GMT+05:00
January 8, 2019 (MLN): Under an agreement between Sui Southern Gas Company Limited (SSGCL) and Jamshoro Joint Venture Limited (JJVL), the gas supply to JJVL which was earlier discontinued has now been restored, revealed an official notification issued by SSGCL to the Pakistan Stock Exchange (PSX).
According to the notification, under the arrangement endorsed by the Honorable Supreme Court of Pakistan (SCP), M/s. A.F Furguson & Co. has been appointed as Receiver by the SCP to supervise the arrangement.
Moreover, 50% of the income derived from this arrangement will be claimed as Non-Operating Income as per the current Tariff Regime introduced by the Oil & Gas Regulatory Authority (OGRA).
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