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In a positive development, Massive Gas reserves discovered in Pakistan

In a positive development, Massive Gas reserves discovered in Pakistan

A massive discovery of over one trillion cubic feet of gas was made inKalat, Balochistan.

The development was announced by Senior Minister of Punjab and Minister ofFood, Abdul Aleem Khan in a tweet post on Wednesday. “Discovery of 1trillion+ cubic feet of gas in Kalat, Balochistan, brings good news incontrolling Pakistan’s energy crisis for the residential and commercialsector,” said the minister.

The minister added that the latest discovery will also help revitalize theeconomy as foreign exchange reserves are disturbed by hefty LNG importswhich as per the minister amount to $15-16 billion.

As per details available, the discovery was made by the state-ownedmultinational petroleum company Pakistan Petroleum Limited (PPL) back inDecember 2019.

Back in December, PPL made first gas discovery on Balochistan’s KalatPlateau from exploratory well Margand X-1. The discovery opened a newsub-basin for further hydrocarbon exploration.