Sui Northern Gas Company enters into LPG business

KARACHI: With the LPG Policy being quite advantageous for the state-owned gas utilities, the Sui Northern Gas Pipelines Limited (SNGPL) has entered in the liquefied petroleum gas (LPG) business that has become quite lucrative, sources said on Thursday.

Following Sui Southern Gas Company (SSGC) bidding for Progas Pakistan LPG Terminal, SNGPL has formed a wholly-owned subsidiary Sui Northern LPG-LNG (Pvt) Limited to undertake LPG-LNG projects, the sources said.

The company plans to bottle and market LPG cylinders to prospective areas, they said, adding that in order to move forward, the company intends to acquire LPG storage and bottling facility and have invited expressions of interest (EOIs) from LPG companies interested to sell their facilities.

The EOIs should contain the information related to the installed LPG facilities, classifying the assets, plant deliverables and plant location, current status of business and target markets, the sources said.
The last date for submission of EOIs is October 14.

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