LSE Capital Acquires Stake in JJVL

LSE Capital Limited revealed on Monday that it has procured 10% of the shares in Jamshoro Joint Venture Limited (JJVL).

The publicly traded firm communicated this information in a notification submitted to the Pakistan Stock Exchange (PSX) earlier today.

The notice further mentioned that JJVL recently finalized an arrangement with Sui Southern Gas Company Limited (SSGC) to resume the manufacturing of liquefied petroleum gas (LPG).

With this agreement in place, JJVL is poised to emerge as the foremost private sector LPG producer nationwide.

The SSGC Board of Directors gave the green light to the preliminary agreement between SSGC and JJVL concerning LPG & NGL extraction during their meeting held on July 18.

SSGC indicated previously that the Special Investment Facilitation Council (SIFC) had already sanctioned and ratified the agreement, based on mutually agreed terms.

JJVL, a public limited company established under Pakistani law, is headquartered in Lahore and runs its gas processing operations in Jamshoro, Sindh.

According to details posted on JJVL’s official website, its 200 mmscfd LPG extraction facility was inaugurated in March 2005, followed by its 125 mmscfd plant in October 2014.

JJVL boasts a total processing capability of 345 mmscfd, signifying the most substantial investment within Pakistan’s LPG sector thus far.