ISLAMABAD: Pakistan Petroleum Limited (PPL) has received interest from seven companies for allocation of 50 MMSCFD for unprocessed surplus gas from Kandhkot Gas Field (KGF).
PPL, in a letter to Directorate General (Gas) Petroleum Division has cited reference of its letter of June 24, 2024 and July 3, 2024 on “re-allocation of surplus gas from Kandhkot gas field” has apprised that market analysis of potential buyers for the purchase of gas has been completed.
According to the Company, the following companies have shown interest in purchase of surplus gas, M/s Energas Marketing (Private) Limited, M/s K-Electric, M/s Fauji Kabirwala Power Company Private Limited (FKPCL), M/s Universal Gas Distribution Company (Private.) Limited (UGDC), M/s Tabeer Energy Marketing (Private) Limited (TEMPL), M/s Engro Powergen Qadirpur Limited (EPQL) and M/s Metrogas(Private) limited.
The Company is of the view that it intends to sell unprocessed 50 MMCFD at PoD of KGF to interested party on preferred terms in line with industrial practices such as advance payment, payment in USD for portion of sales bill and ToP clause at any early possible timeframe.
In the pretext of interest of companies, PPL has requested Petroleum Division for de-allocation/ re-allocation of 50 MMSCFD surplus gas of Kandhkot Gas Field to allow it to initiate competitive bidding process for sales of gas to third party buyers.
