90 Oil and Gas reserves discovered in last 3 years in Pakistan

90 Oil and Gas reserves discovered in last 3 years in Pakistan

ISLAMABAD, Nov 6 (APP): The natural gas consumers would get 180 mmcfd additional gas during this winter after the government succeded to produce more gas from exploratory wells and injection of Regassified Liquefied Natural Gas (RLNG) in the trasmission network.

"During this winter season, 180 mmcfd (million cubic feet per day) additional gas will be added in the system, besides 400 ton Liquefied Petroleum Gas (LPG) per day and 4,000 barrel crude oil per day," official sources in the Ministry of Petroleum and Natural Resources told APP.

The current government in last three years, they said, had so far added 944 mmcfd gas in the system out of which 466 mmcfd came from new discoveries and 478 mmcfd gas from existing wells.

The sources said the government encouraged local as well as foreign oil and gas companies to accelerate exploration and production acitivites to meet ever-increasing energy needs of the country that resulted in drilling of 319 wells and discovery of 90 oil and gas reserves.

Answering a question, they informed that no proposal was under consideration to increase gas price despite the Oil and Gas Regulatory Authority suggested 14 percent raise in the commodity rate.

They expressed hope that situation of gas supply would remain better this winter as compared to previous year.

The government, the sources said, had initiated different gas related projects worth Rs 800 billion, including setting up of LNG terminals and gas pipelines to meet the energy needs.