Islamabad
Oil and Gas Regulatory Authority has issued its annual report ‘State of the Regulated Petroleum Industry 2018-19,’ projecting increase in gap between demand and supply of gas by 5,389 Million Cubic Feet per Day (MMCFD) by 2029-30. “The demand supply gap during FY 2018-19 was 1,440 MMCFD, which is expected to rise to 3,684 MMCFD by FY 2024-25 and 5,389 MMCFD by FY 2029-30,” according to the report. The authority said there was a significant rise in demand and consumption of gas by residential and domestic consumers due to price differential of other competing fuels like Liquefied Petroleum Gas (LPG), firewood and coal. The gas utility companies during last five years had added around 0.3 million consumers to the gas network annually.—APP
