ssgc News

SSGC returns to profitability in FY24

Sui Southern Gas Company Limited (PSX: SSGC) has reported a net profit of Rs8.29 billion for the financial year ended June 30, 2024, marking...

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SSGC reveals gas schedule for Ramadan

Sui Southern Gas Company (SSGC) has unveiled a schedule to ensure an uninterrupted gas supply for consumers...

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SSGC reports Rs8bn profit for nine months, reversing Rs17bn loss

Sui Southern Gas Company Limited (PSX: SSGC) has reported a net profit of Rs8 billion for the nine months ended March 31, 2024, marking a significant...

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SSGC reports Rs6.5bn profit, rebounding from Rs9.32bn loss in SPLY

Sui Southern Gas Company Limited (PSX: SSGC) has reported a net profit of Rs 6.50 billion, marking a significant turnaround from the loss of Rs9.32bn recorded..

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SSGC reverses loss, earns Rs4.16bn profit in Q1

Sui Southern Gas Company Limited (PSX: SSGC) reported a significant turnaround, posting a bumper profit of Rs4.16 billion [EPS: Rs4.72]...

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SSGC losses shrink 86% in FY23 amid tariff adjustments

Sui Southern Gas Company Limited (PSX: SSGC) experienced a fall of 86% in its losses in FY23, which fell to Rs1.6 billion [LPS: Rs1.82], compared to a net...

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Imran Maniar resigns as Sui Southern Gas Company CEO, MD

Imran Maniar has resigned from the position of Chief Executive Officer (CEO) and Managing Director (MD) of Sui Southern Gas Company Limited (PSX: SSGC)...

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SSGC shuts down gas supply for 24 hours amid shortage crisis

Sui Southern Gas Company Limited (PSX: SSGC) announced today that all industries, including their power generation units, and all CNG stations in Sindh...

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SSGC commissions new pipeline to enhance gas supply in Karachi West region

The Sui Southern Gas Company (SSGC) has launched the commissioning of a new transmission pipeline to supply gas to the Karachi West Region...

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Media report on network system upgrades not price-sensitive: SSGC

In response to the PSX letter regarding price-sensitive information, Sui Southern Gas Company Limited (SSGC) has clarified that the media report...

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Gas supply halt in DHA, Korangi on June 23 for pipeline hook-up

Sui Southern Gas Company (SSGC) announced today that the gas supply will be completely suspended on Sunday, June 23, 2024, from 8 am to 8 pm (12 hrs duration...

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SSGC imposes 24-hour gas holiday for Sindh industries, CNG stations

Sui Southern Gas Company (PSX: SSGC) has announced a 24-hour gas holiday for all industries, including their power generation units, and all CNG...

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CCP approves SSGC-Itron tech transfer deal with conditions

The Competition Commission of Pakistan (CCP) has granted a time-bound approval to the exemption application for the technology transfer and license...

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RLNG prices raised by up to 2.75% for March

Regassified Liquefied Natural Gas (RLNG) prices for March 2024 have been raised by up to 2.75% and 0.8% for Sui Northern Gas Pipelines Limited (SNGPL)...

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SSGC announces gas timings for Ramadan

Sui Southern Gas Company Limited (PSX: SSGC) has unveiled the gas timings for the Holy month of Ramadan starting from Tuesday, March 12, according to...

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SSGC’s losses soar 4.78x YoY in 1HFY23

Sui Southern Gas Company Limited (PSX: SSGC) recorded a staggering 4.78x YoY increase in its losses in the first half of fiscal year 2023...

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OGRA approves up to 36% increase in gas prices

The Oil and Gas Regulatory Authority (OGRA) has granted approval for Sui Southern Gas Company Limited (PSX: SSGC) and Sui Northern Gas Pipelines Limited...

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OGRA revises RLNG cost for SSGC to Rs31.77 per MMBtu

In response to the petition filed by the Sui Southern Gas Company Limited (PSX: SSGC) to rework the RLNG cost of service, the Oil & Gas Regulatory...

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OGRA grants license to SSGC's subsidiary for natural gas sale

The Oil & Gas Regulatory Authority (OGRA) has granted a license of SSGC Alternate Energy (Private) Limited (SSGC-AE) to undertake the regulated....

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RLNG prices slashed by up to 7.81% for January

Regassified Liquefied Natural Gas (RLNG) prices for the month of January 2024 have been slashed by up to 7.58% and 7.81% for Sui Northern Gas Pipelines...

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SSGC shareholders approve 33.33m share IPO for SSGC LPG Limited

The shareholders of Sui Southern Gas Company Limited (PSX: SSGC) have resolved to initiate the issuance of 33.33 million ordinary shares through an...

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Crescent Steel bags Rs2.1bn pipe contract from Sui Southern Gas

Sui Southern Gas Company Limited has awarded a contract to Crescent Steel and Allied Products Limited for supply of 24-inch diameter coated steel line pipes...

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SSGC to provide blended RLNG, indigenous gas for both export, non-export consumers

Upon receiving authorization from the Economic Coordination Committee (ECC), Sui Southern Gas Company Limited (SSGC) has decided to mix indigenous....

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PACRA maintains entity ratings of Sui Southern Gas Company

Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Sui Southern Gas Company Limited (PSX: SSGC) at...

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EPCL enters agreement with SSGC for gas supply till February 29

Engro Polymer & Chemicals Limited (PSX: EPCL) has entered into an interim agreement with Sui Southern Gas Company Limited (PSX: SSGCL) for the supply of gas...

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RLNG prices increased by up to 1.2% for November

Regassified Liquefied Natural Gas (RLNG) prices for the month of November 2023 were increased by 1.2% and 1.17% for Sui Northern Gas Pipelines Limited (SNGPL)..

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SSGC suffers massive loss of Rs11.4bn in FY22

Sui Southern Gas Company Limited (PSX: SSGC) unveiled its profit and loss statement for FY22, wherein the loss after tax clocked in at 11.41 billion...

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RLNG prices for SNGPL increased by $0.5/MMBtu to $13.33

The Oil and Gas Regulatory Authority (OGRA) in accordance with the policy guidelines of the Caretaker Government has increased the Regassified Liquefied...

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EPCL, SSGC extend gas supply agreement till mid-October

Engro Polymer & Chemicals Limited (PSX: EPCL) and Sui Southern Gas Company Limited (PSX: SSGC) have agreed to extend the term for the supply of gas up...

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RLNG prices for SNGPL hiked by $0.35/MMBtu to $12.84

The Oil and Gas Regulatory Authority (OGRA) in accordance with the policy guidelines of the Caretaker Government has hiked the Regassified Liquefied Natural...

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Textile units of Karachi, Nooriabad, Hyderabad agree to pay 60% hike in terms of gas tariff

All zero-rated textile units of Karachi, Nooriabad and Hyderabad have signed the agreement for gas supply...

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Gas supply in Sindh to be halted for 48 hours

The Sui Southern Gas Company (SSGC) has announced that it will halt the gas supply to all industries and power plants in Sindh province for 48 hours from...

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SSGC to face gas supply issues due to annual maintenance shutdown in gas field

Oil and Gas Development Company Limited (OGDCL) has issued an 'Annual Turnaround Plan 2023' for its Kunnar-Pasakhi Deep (KPD) gas field whereby it will be...

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EPCL enters into supplemental agreement with SSGC for gas supply

The management of Engro Polymer & Chemicals Limited (PSX: EPCL) has announced that the company has entered into Supplemental Agreement with Sui Southern Gas...

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Gas suspension hits Pakistan's industries: KCCI president appeals

The production activities of industries have gone down by 30% due to the complete gas suspension for two days every week by the Sui Southern Gas....

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Cyclone Biparjoy forces SSGCL to suspend gas supply to industries

The Sui Southern Gas Company Limited (PSX: SSGC) would not be able to supply gas to Fertilizer and Industrial sector as a result of the forecasted cyclone...

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SSGC classifies dues from KE and PSML recoverable

Sui Southern Gas Company Limited (SSGC) has considered overdue balances of Rs29.652bn and Rs24.786bn from K-Electic Limited (KE) and Pakistan Steel Mills Cor...

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SSGC to introduce new venture, SSGC AE

Sui Southern Gas Company (PSX: SSGC) is all set to introduce its new venture, SSGC AE (Alternate Energy) which is expected to bring around Rs8 billion...

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SSGC reports significant drop in line losses to 8% through improved network management

In a major breakthrough, the Unaccounted-for-Gas (UFG) or line losses in Karachi have slid to 8% after being in double digits for a long...

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Gas crises to affect industries, exports: Chairman PISMA

gas crisis to industries would badly affect industrial production and our exports halt all economic activities, and lead to massive layoffs

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SSGC posts Rs1.97bn loss in 9MFY21

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Govt to provide 537,070 new gas connections in FY23

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

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KE makes another Rs500 million payment to SSGC

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SSGC to suffer gas supply shortfall of 40-45 mmcfd

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Almost 88% per unit subsidy being given to gas consumers of two lowest slabs: NA informed

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ECC releases Rs620.8mn for SSGC in lieu of gas supply to PSM

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Govt reduces LPG price by Rs335 per 11.8-kg cylinder in two months

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SSGC’s losses expand by 16.30% in FY20

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SNGPL, SSGC repair 887km pipelines

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ECC approves swapping of SSGC secured loan worth Rs21bn

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IHC orders OGRA to issue RLNG price as per ECC guidelines

IHC orders OGRA to issue RLNG prices as per ECC guidelines

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Karachi sees improvement in gas pressure: Hammad Azhar

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SSGC unearths 15 industrial units using illegal gas compressors

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PACRA revises SSGC's ratings, maintains negative outlook

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SNGPL, SSGC inspect 13,388 TBSs

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OGRA reserves decision on SSGC petition

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SSGC suspends gas to CNG stations

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SSGC decides to curtail gas supply to non-export industries

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SSGC, SNGPL sign MoU to improve Meter Manufacturing Plant efficiency

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SNGPL, SSGC executing 7 major projects

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SSGC incurs Rs4.6bn losses in 1QFY19

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SSGC likely to restructure MMP

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BMG demands to immediately restore gas supplies to industries

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SNGPL, SSGC to lay around 18,731-km pipelines in FY22

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Activation of Terminal III to ease off gas crisis: MD SSGC

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SSGC resumes gas supply to all CNG stations

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SNGPL, SSGC plan 524,000 new gas connections in FY22

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1951 employees relieved of SSGC’s services

1951 employees relieved of SSGCs services

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SSGC: Bottom line remains negative in FY19

SSGC Bottom line remains negative in FY19

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SNGPL, SSGC plan to give 524,000 connections in FY 2021-22

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OGRA postpones public hearings to determine SNGPL, SSGC's revenue requirements

OGRA postpones public hearings to determine SNGPL SSGCs revenue requirements

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RLNG price for May jacks up by $0.48/mmbtu

RLNG price for May jacks up by 0.48 mmbtu

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SNGPL, SSGC reduce 9,938 MMCF gas losses in FY 2019-20

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OGRA invites suggestions on gas companies’ petitions for ERRs 2021-22

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OGRA determines gas price at R 778.59 per MMBTU on SSGC network

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Around 8,383 KM additional gas pipelines being laid in current FY

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Imran Maniar to join SSGCL as CEO/ MD

Imran Maniar to join SSGCL as CEO MD

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Gas transmission network being reinforced by laying 8,383 KM additional pipelines

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SSGC to meet increased gas demand with additional RLNG injection

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ECC to consider paying Rs.61 bln dues to SSGC for resuming gas supply to PSM

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SSGC issues clarification regarding slashing of losses allowed to SSGC and SNGPL for RLNG by OGRA

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SSGC issues clarification regarding slashing of losses allowed to SSGC and SNGPL for RLNG by OGRA

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SSGC sees a 1.2% decline in net losses during 1HFY19

SSGC sees a 1.2 decline in losses during 1HFY19

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SSGC sees a 1.2% decline in net losses during 1HFY19

SSGC sees a 1.2 decline in losses during 1HFY19

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SSGC to meet increased gas demand with additional RLNG injection

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Sindh cabinet approves land for SSGC to lay gas pipeline in three districts

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SSGC starts supplying up to 180 mmcfd of gas to K-Electric as shortfall in Sindh reduces

SSGC starts supplying up to 180 mmcfd of gas to K Electric as shortfall in Sindh reduces

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SSGC's losses contract by 11.3% during 1QFY19

SSGCs losses contract by 11.3 during 1QFY19

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SEZs, industrial parks being gasified for industrial boom

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SSGC preparing PC-I to gasify localities falling within 5km radius of gas fields

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SSGC suffers losses of Rs 3.6 billion during 1QFY18

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OGRA's recommendation- Upside risks to Circular Debt?

OGRAs recommendation upside risks to Circular Debt

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K-Electric - A case of power misuse?

KElectric accused of misleading citizens NEPRA threatens to take action

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SSGC: Running at a loss

SSGC Running at a loss

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SSGC’s agreement with Jamshoro Joint Venture for extraction of LPG/NGL expires

SSGCs agreement with Jamshoro Joint Venture for extraction of LPGNGL expires

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SNGPL, SSGC plan supplying gas to SEZs, industrial parks

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Cut in RLNG prices to boost liquidity for gas sector and improve fiscal space of the economy

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SSGC receives Rs 662.693 mln to gasify 40 villages in Balochistan

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SSGC connecting newly developed fields with production gathering system

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Name	Price/Vol	%Chg/NChg
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ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%

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SSGC returns to profitability in FY24

SSGC reveals gas schedule for Ramadan

SSGC reports Rs8bn profit for nine months, reversing Rs17bn loss

SSGC reports Rs6.5bn profit, rebounding from Rs9.32bn loss in SPLY

SSGC reverses loss, earns Rs4.16bn profit in Q1

SSGC losses shrink 86% in FY23 amid tariff adjustments

Imran Maniar resigns as Sui Southern Gas Company CEO, MD

SSGC shuts down gas supply for 24 hours amid shortage crisis

SSGC commissions new pipeline to enhance gas supply in Karachi West region

Media report on network system upgrades not price-sensitive: SSGC

Gas supply halt in DHA, Korangi on June 23 for pipeline hook-up

SSGC imposes 24-hour gas holiday for Sindh industries, CNG stations

CCP approves SSGC-Itron tech transfer deal with conditions

RLNG prices raised by up to 2.75% for March

SSGC announces gas timings for Ramadan

SSGC’s losses soar 4.78x YoY in 1HFY23

OGRA approves up to 36% increase in gas prices

OGRA revises RLNG cost for SSGC to Rs31.77 per MMBtu

OGRA grants license to SSGC's subsidiary for natural gas sale

RLNG prices slashed by up to 7.81% for January

SSGC shareholders approve 33.33m share IPO for SSGC LPG Limited

Crescent Steel bags Rs2.1bn pipe contract from Sui Southern Gas

SSGC to provide blended RLNG, indigenous gas for both export, non-export consumers

PACRA maintains entity ratings of Sui Southern Gas Company

EPCL enters agreement with SSGC for gas supply till February 29

RLNG prices increased by up to 1.2% for November

SSGC suffers massive loss of Rs11.4bn in FY22

RLNG prices for SNGPL increased by $0.5/MMBtu to $13.33

EPCL, SSGC extend gas supply agreement till mid-October

RLNG prices for SNGPL hiked by $0.35/MMBtu to $12.84

Textile units of Karachi, Nooriabad, Hyderabad agree to pay 60% hike in terms of gas tariff

Gas supply in Sindh to be halted for 48 hours

SSGC to face gas supply issues due to annual maintenance shutdown in gas field

EPCL enters into supplemental agreement with SSGC for gas supply

Gas suspension hits Pakistan's industries: KCCI president appeals

Cyclone Biparjoy forces SSGCL to suspend gas supply to industries

SSGC classifies dues from KE and PSML recoverable

SSGC to introduce new venture, SSGC AE

SSGC reports significant drop in line losses to 8% through improved network management

Gas crises to affect industries, exports: Chairman PISMA

SSGC posts Rs1.97bn loss in 9MFY21

Govt to provide 537,070 new gas connections in FY23

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

KE makes another Rs500 million payment to SSGC

SSGC to suffer gas supply shortfall of 40-45 mmcfd

Almost 88% per unit subsidy being given to gas consumers of two lowest slabs: NA informed

ECC releases Rs620.8mn for SSGC in lieu of gas supply to PSM

Govt reduces LPG price by Rs335 per 11.8-kg cylinder in two months

SSGC’s losses expand by 16.30% in FY20

SNGPL, SSGC repair 887km pipelines

ECC approves swapping of SSGC secured loan worth Rs21bn

IHC orders OGRA to issue RLNG price as per ECC guidelines

Karachi sees improvement in gas pressure: Hammad Azhar

SSGC unearths 15 industrial units using illegal gas compressors

PACRA revises SSGC's ratings, maintains negative outlook

SNGPL, SSGC inspect 13,388 TBSs

OGRA reserves decision on SSGC petition

SSGC suspends gas to CNG stations

SSGC decides to curtail gas supply to non-export industries

SSGC, SNGPL sign MoU to improve Meter Manufacturing Plant efficiency

SNGPL, SSGC executing 7 major projects

SSGC incurs Rs4.6bn losses in 1QFY19

SSGC likely to restructure MMP

BMG demands to immediately restore gas supplies to industries

SNGPL, SSGC to lay around 18,731-km pipelines in FY22

Activation of Terminal III to ease off gas crisis: MD SSGC

SSGC resumes gas supply to all CNG stations

SNGPL, SSGC plan 524,000 new gas connections in FY22

1951 employees relieved of SSGC’s services

SSGC: Bottom line remains negative in FY19

SNGPL, SSGC plan to give 524,000 connections in FY 2021-22

OGRA postpones public hearings to determine SNGPL, SSGC's revenue requirements

RLNG price for May jacks up by $0.48/mmbtu