Mari Energies has awarded its first private-sector natural gas contract, securing a deal to supply approximately 17.5 million cubic feet per day (mmcfd) to Universal Gas Distribution Company (UGDCL).
The agreement draws from the company’s Waziristan discovery, marking a significant step in commercializing the asset outside traditional state-distribution frameworks.
This development follows Mari’s earlier move to commence deliveries from the Shams-1 discovery to Sui Northern Gas Pipelines Limited (SNGPL), which began in June 2026 with a volume of 30 million standard cubic feet per day. The new UGDCL contract expands the company’s off-take base, signaling growing confidence in the field’s production stability and commercial viability.
For investors, the shift toward private distribution contracts suggests a broader trend in Pakistan’s energy sector toward market-driven supply arrangements.
This diversification reduces reliance on single-state buyers and potentially improves revenue predictability for upstream producers.
The move also highlights Mari’s strategy to monetize its recent exploration successes through flexible, multi-buyer structures.