Staff Reporter
Islamabad
Special Assistant to Prime Minister on Petroleum, Mr. Nadeem Babar chaired a meeting on development of underground gas storage facility this afternoon at Ministry of Energy, Petroleum Division. Asian Development Bank is supporting this effort and a constorium of European oil and gas equipment companies is leading the study.
While explaining the rationale for building Strategic Underground Gas Storage, SAPM said that Pakistan had considered to build emergency stockpiles of gas to deal with supply disruption amid country’s growing domestic and commercial demand especially in winter. The construction of strategic underground gas storages is part of the Government’s policy to improve energy security and affordability in the country.
At conclusion of the meeting, it was agreed by both sides to expeditiously complete the Study report on methodology of underground gas storages till May 2021