Managing Director of Sui Southern Gas Company (SSGC) has stressed the need of exploring new gas fields to cater the demand of the country as the production of Sui-field is abating, gradually. Umair Khan was speaking at the 2nd meeting of FPCCI standing committee on natural gas along with Abdul Sami Khan, president of CNG dealers association and Malik Khuda Bux, chairman of CNG Stations Owner Association held at Federation House here on Tuesday.
He assured the CNG dealers not to conduct gas shedding, saying that SSGC is not planning to carry out gas shedding in the southern parts of the country. He said the government is seeking to explore new gas-field to minimise the pressure of production from the Sui-field.
The concerned authority has initiated several projects including Iran-Pakistan Gas Pipeline Project in particular and others in general to overcome the gas shortage but these projects would be made operational in next three years. Therefore, the country has an ample need of exploring new gas-fields to provide uninterrupted gas supply to the industry for coming three years.
To a question, Khan said the SSGC has written a letter to the oil gas regulatory authority (Orga) to add two financial heads earnings include 17 percent GST on metering units and the profit of JJBL in its ledger and hoped that it would create healthy impact on the company's financial stature besides improving its shares value in the market.
He refused the proposal of supplying gas to the industries directly for generating electricity saying that the power consumption is increasing day by day hence the said recommendation would not play its part to overcome the power crisis. A large number of CNG dealers were present in the meeting.