Lahore: Mari Energies Limited addressed recent media reports on June 11, 2026, concerning the bidding process for the Spinwam Gas Field, asserting that the process adheres to the CCI-approved framework and relevant policies. The company emphasized its commitment to conducting the bidding in alignment with the Petroleum (Exploration and Production) Policy, 2012, S.R.O. 11(I)/2025, the OGRA Ordinance, 2002, Natural Gas Licensing Rules, 2002, Third Party Access regime, and all other applicable laws and regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), the clarified framework mandates that sales occur through a transparent and competitive process. Furthermore, all necessary regulatory approvals, including an OGRA license, must be secured before executing any commercial agreements or initiating regulated activities. Mari Energies Limited specified that it is not seeking any exemptions or special treatment from standard regulatory requirements.

The company's stance is that the OGRA licensing requirement should be fulfilled before the implementation of the Gas Sale and Purchase Agreement and the commencement of regulated activities. This requirement is not intended as a restrictive pre-bid condition, aiming to limit competition to existing license holders only. This approach aligns with the framework's objectives of fostering competition, transparency, a level playing field, and optimal utilization of indigenous gas resources.

Mari Energies Limited reiterated that no Gas Sale and Purchase Agreement will be concluded, and no gas supply will commence from the Spinwam Gas Field without obtaining the necessary OGRA license and all other required regulatory approvals from the government. The company also encouraged the dissemination of this information to the TRE certificate holders of the Exchange.