75 MMCFD gas from Makori Field allocated – Alfalah Securities Limited

Karachi, July 03, 2012 (PPI-OT): The government has allocated 75mmcfd gas from Makori Field to SNGP network which will divert this gas to the Nandipur Power Project. Makori Field is in the TAL Block and has been declared as commercial.

According to Alfalah Securities Limited, it is operated by MOL Pakistan while OGDC and PPL has 30% stake each and POL has 25% stake in the field. The gas has been allocated to the power plant to meet the electricity shortfall; however, the fertilizer sector getting gas from SNGP continues to remain deprived of persistent gas supply.