The Sindh High Court recently approved an SSGC bid worth Rs. 2.25 billion for the acquisition of Progas Pakistan, the country's sole liquefied petroleum gas (LPG) import terminal.
The Progas acquisition would help to further augment the Company's profitability and provide an alternative fuel for the rural population. By forming a subsidiary company, SSGC plans to enter into an entire LPG supply chain by setting up storage, bottling and extraction business units.
Starting with Gwadar in 2006, the Company has already commissioned four LPG-Air Mix Plants (through Synthethic Natural Gas technology) in Sindh and Balochistan, each with an average capacity of 100 mmbtu/hr, ensuring steady supply to remote areas where distribution through conventional means is difficult and costly. More such plants are planned for the near future.