Karachi December 7 2022: Sui Northern Gas Pipelines Limited (SNGP), the largest gas distribution of Pakistan, Unaccounted For Gas (UFG) losses decreased to 8.06 percent in FY 2021-22 compared with a 12.32 percent in FY 2019-20, according to petroleum ministry.
Share price of the company increased by PKR 2.46 or 6.92 percent in today’s trading at Pakistan Stock Exchange.
In FY 2019-20, the volumetric loss of the SNGPL has decreased by 4,321 MMCF, against a target of 6,840 MMCF. While during the FY 2020-21, the Company’s total UFG has decreased by 15,093 MMCF against the target of 5,700 MMCF which is in term of percentage more than 250% of the reduction target of the year.
However, in FY 2021-22, the volumetric loss of the SNGPL has decreased by 3,934 MMCF, against the reduction target of 5,700 MMCF. The Company is continuously working on reduction in Transmission and Distribution in high losses areas i.e. Karak etc., de-looping of looped SMS clusters, replacement of underground network against system rehabilitation program, infrastructure improvement and isolation and segmentation of network to improve visibility and micro monitoring of losses at TBSs.
A project of network extension/rehabilitation in oil & gas producing areas of Khyber Pakhtunkhwa is under progress. The Phase-II of the said project is under execution. However, Phase-I & Phase-II do not cover all the areas of oil & gas producing Districts. As network extension/ rehabilitation for provision of legal connections in Oil & Gas producing areas is not yet been completed, therefore, UFG reduction target of oil & gas producing areas have partially been achieved