Mari Energies issues Letter of Award for Spinwam gas supply contract

Mari Energies Limited, formerly known as Mari Petroleum Company Limited (MARI), has awarded a contract to Universal Gas Distribution Company (Pvt) Ltd for the sale of up to 17.5 million standard cubic feet per day (MMscfd) of gas from the Spinwam Gas Discovery, issuing a Letter of Award after inviting bids on May 15, 2026. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “The parties will now obtain the regulatory and other requisite approvals as envisaged in the Framework for Sale of Gas to Third Parties notified vide S.R.O. No. 11(I)/2025 dated 7th January 2025,” one of Pakistan’s largest energy and exploration companies said in the notice.