Karachi November 29 2022: Engro Polymer & Chemicals Limited has entered into an interim agreement with Sui Southern Gas Company Limited for the supply of gas till 28 February 2023 based on industrial/commercial pricing for RLNG, as notified by the Oil and Gas Regulatory Authority from time to time, on an as and when available basis.
The Oil and Gas Regulatory Authority (OGRA) notify Re-Gasified Liquefied Natural Gas (RLNG) prices for Sui Northern Gas Pipelines Limited (SNGP) at USD 14.785 per MMBTU for October 2022. In rupee terms the RLNG prices will be PKR 3,256 per MMBTU which is 3 times higher than normal industrial tariff in Pakistan.
About the Company
Engro Polymer and Chemicals Limited was incorporated in Pakistan in 1997 under the repealed Companies Ordinance, 1984 (now the Companies Act, 2017). The Company is a subsidiary of Engro Corporation Limited, which is a subsidiary of Dawood Hercules Corporation Limited. The Company’s principal activity is to manufacture, market and sell Poly Vinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), Caustic soda and other related chemicals. The Company is also engaged in the supply of surplus power generated from its power plants to Engro Fertilizers Limited.
