Strategy afoot to construct gas storage facilities



The government is working on a multi-pronged strategy to construct gas storage facilities, which the country lacks for smooth supply of the commodity, especially during peak winter and summer seasons.
Under the strategy, a feasibility study had already been started to set up the storage facilities after the experts predicted that the gas supply system would expand from existing 5 Billion Cubic Feet to 7 BCF during next two to three years, a senior official privy to petroleum sector developments told APP.
“Currently, we have the system of 5 Billion Cubic Feet (BCF) gas. The demand will increase to 7 BCF in next two to three years, but we have no gas storage system, which is a major problem for us,” he said. The official said the gas demand and consumption was increasing with each passing day, which was being met through import of Liquefied Natural Gas (LNG) and domestic production.—APP