Islamabad - The 17 percent return to the gas utility companies in Pakistan is more than double the rate of return enjoyed by the gas companies in America. This was stated by Energy Regulatory Partnership-Pakistan USAID, chief of party J. Michael Biddison, recommending the return rate should be based on efficiency and performance. It is pertinent to mention here that as part of the Gas sector reforms, Ogra proposed a new formula, featuring a varying rate of return for the public gas utilities of SNGPL and SSGC instead of the current fixed return . “Conduct gas market localized pilot projects that can demonstrate cost/benefits and can be replicated at the larger scale,” he added. She claimed that the step will encourage private ownership and investment in the gas sector.

Source: The Nation December 13, 2017 02:01 UTC