ISLAMABAD – *PTI government responds over reports of new gas reservesdiscovery in Pakistan.*
Energy Minister Omar Ayub informed the Senate on Friday, that no gasreserves were found at the Kekra-I block.
The Minister of Energy informed the Senate that the Kekra-I block wasexcavated for gas exploration but unfortunately the mine was found to bedry. Ayub told the Senate that because of sanctions on Iran, work on thePak-Iran gas pipeline project was halted.
The minister told the House that Pakistan’s was a gas deficit country asthe country’s indigenous gas production stood at 3.5 billion cub feet (BCF)against the demand of 7.5 BCF. Ayub said that around 1.2 BCF LiquefiedNatural Gas (LNG) was being imported to bridge the gap between demand andsupply.
The minister said at present gas was being allocated to SNGPL and SSGCL onthe basis of its discovery in respective province. Further the companieshave been directed to meet the requirement of domestic / commercial sector.
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Omar Ayub informed that that the average power price in the country isRs10.92 per unit and the users are provided electricity at rate of Rs15.53per unit.
The minister told the House that by 2025 the rate of electricity would comedown, as the government is focusing on increasing share of renewable energyto provide cheap electricity to consumers. Energy Minister Omar Ayub toldthe Upper House during question hour that government is striving to bringelectricity price to Rs.4.35 per unit by introducing renewable energyprojects.
He said that previous governments preferred costly RLNG projects instead ofusing renewable sources.
