GIDC to be used to setup gas infrastructure for fertilizers – Alfalah Securities Limited

Karachi, November 05, 2012 (PPI-OT): The Ministry of Petroleum has proposed to the government to utilize Gas Infrastructure Development Cess (GIDC) from the fertilizer industry for the development of transmission infrastructure which includes setting up a dedicated transmission system by four fertilizer plants with Sui Northern Gas Company (SNGP) for transportation of gas to fertilizer plants.

According to Alfalah Securities Limited, the pipeline would be nearly 1,000 km long, costing around USD 300‐400 mn and the laying and maintenance of pipeline will be done by gas utility companies, as reported in the local newspaper. It would be done to allocate gas supply to fertilizer companies on SNGP network from an alternate dedicated source which bodes well for the fertilizer sector.

You May Also Like

Leave a Reply