OGRA releases 3 pend­ing fi­nan­cial re­ports of SSGC

The Pak Banker - - NATIONAL -

Oil and Gas Reg­u­la­tory Au­thor­ity (OGRA) has is­sued fi­nan­cial re­ports of the Sui South­ern Gas Com­pany (SSGC) which were pend­ing for last three years, of­fi­cial sources in the com­pany said. "Now, the fi­nan­cial re­ports for the years 2012-13, 2013-14 and 2014-15 are in the print­ing process and the share­hold­ers will be in­formed about their div­i­dends soon," they told APP.

An­swer­ing a ques­tion, the sources in­formed that gas sup­ply to the com­pany's con­sumers had con­sid­er­ably in­creased af­ter ad­di­tion of im­ported Liqui­fied Nat­u­ral Gas (LNG) to its distri­bu­tion sys­tem. They said un­in­ter­rupted gas sup­ply was be­ing en­sured to Com­pressed Na­tional Gas (CNG) sta­tions, gas-based power gen­er­a­tion units, fer­til­izer plants and in­dus­trial sec­tor. Re­ply­ing to an­other ques­tion, the sources said a sum­mary had been sent to the quar­ters con­cerned to lift ban from is­suance of gas con­nec­tions for com­mer­cial pur­pose.

Cit­ing rea­son for mov­ing the sum­mary, they said it would help stop gas theft, which was be­ing com­mit­ted by restau­rants, con­fec­tioner­ies, bak­eries and small-scale in­dus­tries mainly, and ease de­ploy­ment of heavy man­power for the check­ing and raids. Presently, the sources said, the SSGC had over 2.5 mil­lion con­sumers and the com­pany was mak­ing all­out ef­forts to en­sure pro­vi­sion of im­proved ser­vices to them.

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