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LNG import a game-changer for industry, employment: Amjad Latif

Islamabad, August 28, 2016 (PPI-OT): Managing Director Sui Northern Gas Pipeline Limited (SNGPL) Amjad Latif has said LNG import project had proved a game-changer, it has resulted in the revival of local industry and provision of employment opportunities that would take its sales to record 3.2 BCFD by the end of next year. Addressing the annual dinner of the Officer Association of the SNGPL, the managing director said the company was currently selling1.8 BCFD. The company has saved Rs4.4 billions by reducing the unaccounted for gas (UFG) to single digit from 11% to 9%, he added.

He said that the financial health of the company had also strengthened as company’s share price has doubled in the stock market. He informed the gathering that the task of laying 1,000 kilometres pipeline from Sawan to Lahore would be completed within stipulated time. Transmission, distribution, construction and sales departments had shown better performance and attributed company’s success to the hard work of the employees.

He said that the SNGPL had never laid a pipeline more than the stretch of 200 kilometres and lauded the performance of the employees for helping the company achieve new targets. He said that company’s future was bright and maximum facilities would be extended to the employees for their welfare.

Amjad Latif said the company was going through a crucial stage when he had assumed the office but he had targeted to elevate the company to top 10 entities of the country. “We are very close to the target,” he said with satisfaction. He said no one could impede company’s progress if its transmission, distribution, construction and sales departments were performing well.

Amjad Latif said the company was adopting a new marketing vision of the federal government and the Federal Minister Shahid Khaqan Abbasi that would help them to fulfil the new requirements of the market. The managing director informed that the company was supplying uninterrupted gas to the fertilizer industry, power houses, commercial and domestic consumers as per their demand.

Amjad Latif said the number of new applicants including those from housing societies was increasing but hoped that they would bridge the demand-supply gap by end of next year. The managing director said he was alive to the issues confronting the employees of the company and was also aware of its resources. The employees’ demands were genuine which could not be turned down, he added.

In his welcome address, Azam Khan, the president of the Association appreciated the efforts of the company’s management and put forth employees’ demands including house building loan, car loan for officers of grade 1-6, and increasing the annual leaves from 60 to 90.

For more information, contact:
Saqib Mumtaz
Public Relations Officer
Ministry of Petroleum and Natural Resources
Government of Pakistan
Office: +92-51-9210220
Mobile: +92-333-4125625
Email: propnr@gmail.com
Website: www.mpnr.gov.pk

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