Monday, April 22, 2024
HomeMonetary PolicyCircular Debt in Gas Sector Rises to Rs 250 Billion

Circular Debt in Gas Sector Rises to Rs 250 Billion

Minister of the Power Division Omar Ayub Khan has stated that the gas sector’s circular debt has risen to Rs 250 billion, which can only be reduced by bringing all stakeholders on board.

On Thursday, addressing a news conference with Energy Special Assistant to Prime Minister Nadeem Babar, the minister said that if the Sindh government grants the Right of Way (RoW) for a new 17 km pipeline, the province may be supplied with an additional 150 million cubic feet of gas per day.

He said the Sindh government’s refusal to give RoW a new Sui Southern Gas Company pipeline is the main cause behind the gas shortage in Karachi.

Speaking on the occasion, Nadeem Babar said the gas shortage in Sindh will impact Karachi’s business community, so all-out efforts are being made to solve the problem. He said that during the upcoming winter season, Sindh may face a gas shortfall of over 400MMCFD, as the SSGC did not have sufficient gas reserves to meet the demand of consumers.



Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

Translate »