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SSGC laying gas pipelines on Kunnar Pasakhi gas field – Alfalah Securities Limited

Karachi: SSGC is laying transmission lines to transport gas from Kunnar Pasakhi gas field which is expected to transmit 100 mmcfd of gas to the system. Kunnar Pasakhi is located in Tando Jam and operated by OGDC where the project is expected to complete in June 2012.

According to Alfalah Securities Limited, another 30mmcd is due to come from the Sinjhoro gas field while 15mmcfd is expected from Haseeb Field, 20mmcfd from Rehman field and 15mmcfd from Meher and 15 mmcfd Jhal Magsi fields. The additional gas supply would increase the profitability of OGDC. Therefore, after incorporating the impact of additional gas from new fields, Alfalah Securities Limited recommends a buy on OGDC with TP of PKR 186.97.

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