ISLAMABAD – For the first time in history, Pakistan has decided to builtstrategic underground gas storage reserves.
The government has initiated work to build gas storage in various parts ofthe country.
Crrently Pakistan has no capacity to store even a single gas molecule.
“Pakistan’s domestic gas production ranges between 3.8 to 4 bcfd and isimporting 1.1 bcfd LNG totaling 5.1 bcfd against the immediate demand ofthe country that stands at 6 bcfd. By 2020 Pakistan will be having 1.3 bcfdgas from Turkmenistan through $10 billion TAPI.
The LNG in the open market gets cheaper in summer season and it surges alot in the winter season.”
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Idea is, the official said, to store the imported gas in summer season atcheaper rates and utilise it in winter season for keeping the countryenergised and industrial activity intact.
More importantly in case of disruption in LNG supply chain on account ofany Tsunami in the sea or any reason, the gas storages will be used forindustrial activities till the time the problem is vanished.
He said that currently gas is stored in pipelines and we can say thatpipelines are the gas storages. He said that the TAPI gas pipeline afterbecoming operational in 2020 can also experience any kind of disruption andin that case, such gas storages can bailout Pakistan.
