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GSA with fertiliser companies: E&P companies asked to negotiate

  • Advisor to the Prime Minister on Petroleum and Natural Resources Dr Asim Hussain on Friday directed the E&P companies to negotiate Gas Sale Agreement (GSA) with the Fertiliser Companies on direct sales from new and unutilised gas finds on fast track basis. 

    Earlier, the gas sale agreement of fertiliser companies was used to be with the distribution companies ie SSGCL and SNGPL. Now this practice is being changed in order to expedite gas sales to the fertiliser industry. This new strategy has been defined by the Ministry of Petroleum and Natural Resources to extend hydrocarbon benefits to the industrial and power sectors directly, resulting in value addition of gas, reduction of circular debt and making available cheap fertiliser for the agriculture sector. Through this new approach the gas saved (freed) by the fertiliser from the main SSGCL and SNGPL system will be diverted to the starved domestic users.-PR 

    Copyright Business Recorder, 2013

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