JJVL Statement Following Judgment of the Supreme Court

Press Release, Dec. 4, 2013.

The Supreme Court of Pakistan has today declared as illegal the 10-year-old agreement between Jamshoro Joint Venture Limited (JJVL) and Sui Southern Gas Company Limited (SSGC).

JJVL has strictly and faithfully complied with the law at all times. It has previously and shall continue to comply with court orders. It shall also exercise its right to appeal the judgment.

JJVL maintains that its agreement with SSGC was awarded competitively and transparently. The agreement with SSGC has provided significant gains to both SSGC and the national exchequer. Since the commissioning of its state-of-the-art facilities in 2005 to date, JJVL has provided Rs. 34.88 billion to SSGC—which did not invest any sum whatsoever in the project—and Rs. 10.84 billion in taxes.

JJVL’s LPG extraction facility at Jamshoro, Sindh, represents an investment of $105 million. It produces 17 percent of Pakistan’s daily LPG supplies and meets the energy requirements of 2.5 million people.

JJVL is presently assessing the legal and operational issues arising from the judgment.