| GEO Business|
| Govt. to revise Kadanwari gas sale agreement|
| Updated at: 1601 PST, Tuesday, April 21, 2009|
KARACHI: The government has started the process of revising the gas sale agreement with Kadanwari Gas Field, which is currently supplying the costliest gas.
Gas purchase agreement with Kadanwari Gas field was made in the 90s decade and its price at Rs940 per MMBTU is the highest as compared to any other fields’ in Pakistan.
Sources said that this Field falls in a special zone; where under interim petroleum policy this price was given, which is now being revised and likely to be finalized within one month, by virtue of which the price would be lowered.
Sui Gas Field’s gas is priced at Rs168 per unit, Loti at Rs109, while from Miano Field at Rs350 per MMBTU. Sources told that OGDCL owns 50 percent of Kadanwari Gas Field, while ENI Company was its operator. Sui Southern Gas Company buys 35 to 43 MMCFD of gas from this Gas Field, while it has the capacity of supplying 60 MMCFD of gas.