Prime Minister Imran Khan on Wednesday, discussing the current demand and supply of gas in the country, directed the authorities concerned to ensure fast-track issuance of licenses for domestic exploration for it was the cheapest source of natural gas.
The prime minister also instructed the relevant departments to remove hurdles in the installation of new LNG terminals and virtual pipeline projects by investors.
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 was 4,700 MMCFD which increases to 6,000-6,500 MMCFD during the winter season.
The current domestic supply amounts to 3,300 MMCFD which is decreasing every year, it was told. The resulting shortfall has to be managed by importing LNG.
With the current infrastructure, a shortfall of nearly 1,000 MMCFD in winter arises, for which multiple options are being adopted.
The meeting was further told that for the short term, the existing capacity of domestic terminals is being optimised and the process of issuance of virtual pipeline licenses is being expedited. In addition, installation of two new LNG terminals is underway with all bottlenecks being removed on a priority basis. In this regard Ministry of Maritime Affairs, Ministry of Petroleum and Oil and Gas Regulatory Authority were directed to coordinate with each
