Mari makes first private gas sale
ISLAMABAD: In a first, Mari Energies on Monday announced the award of about 17.5 million cubic feet per day (mmcfd) of natural gas to Universal Gas Distribution Company Ltd (UGDCL) from a new discovery in Waziristan for sale to its select customers. This is the first such award under the Petroleum Policy 2012 and subsequent decisions of the Council of Common Interests (CCI) and the Economic…
Mari Energies has made history by awarding its first private gas sale, distributing approximately 17.5 million cubic feet per day (mmcfd) of natural gas from a new discovery in Waziristan to Universal Gas Distribution Company Ltd (UGDCL) for sale to select customers. This marks a significant shift in Pakistan's gas sector, as it is the first time under the Petroleum Policy 2012 and subsequent decisions by the Council of Common Interests (CCI) and the Economic Coordination Committee (ECC) that gas producers have been allowed to sell 35% of new finds to private entities.
UGDCL, which currently supplies over 40 mmcfd of gas to private customers, will now have a total portfolio of around 60 mmcfd after this addition.
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