Oil and Gas Regulatory Authority (OGRA) has been set up under the Oil and Gas Regulatory Authority Ordinance dated 28th March 2002 to foster competition, increase private investment and ownership in the midstream and downstream petroleum industry, protect the public interest while respecting individual rights and provide effective and efficient regulations. As laid down in the Ordinance, the Authority comprises one Chairman and three members.
Consequent upon the establishment of OGRA on 28th March, 2002 the former Natural Gas Regulatory Authority was subsumed by OGRA and all properties and works done by the NGRA were transferred to and protected under the OGRA Ordinance. OGRA was, therefore, in a position to start its functions in respect of natural gas immediately upon its establishment. Licence applications from Sui Northern Gas Pipelines Limited (SNGPL), Sui Southern Gas Company Limited (SSGCL) and Mari Gas Company Limited (MGCL) were received. Applications for determination of revenue requirements of SNGPL and SSGCL for the financial year 2001-02 were received in pursuance of Section 8 of the OGRA Ordinance. OGRA carried out intricate assignment of determination of the revenue requirements of both the companies satisfactorily after conducting public hearings in both the cases. Despite the unforeseen circumstances and the early set backs in the course of charting the assigned responsibilities; the Authority has successfully achieved certain milestones in its efforts to become fully functional and operative.
I must place on record my appreciation for my colleagues and professional staff for their whole hearted and dedicated support in accomplishing the tasks in the shortest possible time.