K-Electric Seeks Petroleum Division's Support for Mari Gas Supply.

K-Electric (KE) has reached out to the Petroleum Division for assistance in obtaining 100 MMSCFD of surplus indigenous gas from Mari Petroleum Company Limited (MPCL) after MPCL's contract with SNGPL expired. KE has been in discussions with various gas exploration companies, including Mari, to secure this gas allocation. By obtaining this gas, KE could significantly reduce its generation costs, potentially saving $328 million annually and reducing the need for subsidies. KE emphasizes the importance of securing low-cost gas to provide affordable power to Karachi's consumers, alleviate high electricity bills, and support economic growth. [Extracted from the article]