Executive
Vice President Shell Energy Mr. Steve Hill visits the honorable Minister of
State for Petroleum Division Ministry of Energy Mr. Jam Kamal Khan
A
delegation From Shell comprising EVP Energy Mr. Steve Hill, VP Energy Ajay Shah
and country Chairman Pakistan Mr. Jawad Cheema visited the office of the state
Minister for petroleum & Natural Resources on the 23rd of
November, 2017. The delegation informed the honorable Minister on Shell’s
Interest in the LNG opportunity in the country. The Minister reiterated the
Governments support for investment in this sector
The Government’s key priority is creating
greater levels of economics growth, which is essential to delivering the
millions of new jobs which are central to maintaining social stability.
Pakistan is the sixth most populated nation in the world (205 mn population).
66% of the population is under 30 years old, making this one of the most
youthful countries in Asia. The implications of this in terms of urban
swelling, energy consumption and job creation are tremendous
Needless to say, the government of Pakistan
has taken significant steps to address the energy challenges to help Pakistani
people- especially the youths- achieve the styles of life they aspire for.
Clearly recognizing the true cost of energy shortage to the economy – ca. 2 to
3 % of GDP growth – the government developed a bold vision to resolve this
challenge permanently. The vision is based on portfolio of solutions aimed to
achieve a balance between securing reliable, diverse and flexible supplies,
achieving cost competitiveness and protecting the environment and public health
To
ensure security of the country’s energy supplies, the government of Pakistan is
pursing polices if increasing domestic supplies attraction foreign investment,
diversifying imports to include natural gas encouraging economic inter-fuel
substitution, promoting energy efficiency and renewable energy, and supporting
regional and interregional cooperation.
