The company had pleaded to fix the gas price at Rs1, 404.92 per MMBTU with average increase of 123 per cent, while the authority determined the price at 644.84 per MMBTU with an average surge of 2 per cent.
Pursuant to the Oil and Gas Regulatory Authority (OGRA) Ordinance, 2002, and the provisions of CNG (Production and Marketing) Rules, 1992, issuance of a CNG license to any prospective investor/applicant falls under the exclusive domain of the Ogra.
The authority allowed Energas for the regulated activity of sale of natural gas and LNG for an initial period of 10 years, subject to fulfillment of execution of Gas Transportation Agreements with Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL).