Prime Minister Imran Khan chaired a high level meeting to review gas situation in Pakistan.
The meeting was briefed about the demand, supply from the domestic reserves, shortfall and Import of LNG.
It was informed that the current constrained demand of gas in the country is 4700 MMCFD which increases to 6000-6500 MMCFD during the winter season. The current domestic supply amounts to 3300 MMCFD which is decreasing every year. The resulting shortfall has to be managed by importing LNG. With the current infrastructure a shortfall of nearly 1000 MMCFD in winters arises for which multiple options are being adopted. For short term, the existing capacity of domestic terminals is being optimized and the process of issuance of virtual pipeline licenses is expedited. In addition, the installation of two new LNG Terminals is underway with all bottlenecks being removed on priority basis.
The Prime Minister directed to fast track the issuance of licenses for domestic exploration as it is the cheapest source of natural gas. He also directed the concerned departments to remove hurdles in the process of installation of new LNG terminals and virtual pipeline projects by investors. In this regard Ministry of Maritime Affairs, Ministry of Petroleum and OGRA were directed to coordinate and also take all other stakeholders on board including the investors. In addition the Prime Minister while emphasizing the importance of North-South Gas Pipeline, directed to ensure its execution without further delay in the agreed timelines.
The meeting was attended by Federal Minister, Shaukat Fayyaz Tarin, Hammad Azhar, Asad Umar, Ali Haider Zaidi, SAPM Mahmood Maulvi and officials of the concerned departments.
**************************
