Understanding consumer gas pricing – seminar held by PIP at SSGC house

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KARACHI: Petroleum Institute of Pakistan (PIP), a representative body of the oil and gas sectors in Pakistan organized a seminar on ‘Understanding consumer gas prices in Pakistan’ on Friday,  August 31, 2018 at SSGC House, Karachi.

The purpose of this seminar was to comprehend and get clarity on the consumer gas pricing structure for various sectors (domestic, industrial, power, commercial) and recommend rationalization of tariff slabs based on demand / supply gap and regional comparison. The seminar presented valuable proposition / recommendation from industry experts on processes and strategies for rationalizing tariff structure that must be adopted for the development and improvement of gas sector in Pakistan.

The seminar was attended by senior officials of the energy community in large numbers hosted by SSGC. PIP and SSGC efforts were highly appreciated on holding a successful seminar on this significant subject.

Presentations were made from Sui Southern Gas Company (SSGC) A/CFO Syed Fasihuddin Fawwad on ‘Understanding Gas Prices in Pakistan’ and Sui Northern Gas Pipelines Limited (SNGPL) SGM (ES) Ejaz Ahmed Chaudhry on ‘Natural Gas Pricing Compatible with Alternative Fuels and/or Comparison with other countries’.

ENI MD Angelo Ligrone was the guest of honor on this occasion. SSGC MD Amin Rajput, presented the welcome address that was followed by a detailed overview of the gas industry by Mr. Muhammad Danish, Sr. Manager PIP. In the end PIP CEO Asim Murtaza, presented the vote of thanks and souvenirs were presented to the speakers and guest of honour.

PIP currently has a membership of 24 major oil and gas companies operating in Pakistan. The Institute is the country representative of important international bodies such as the World Petroleum Council (WPC) and the International Gas Union (IGU).