Pakistan’s gas reserves to end in 19 years, says Petroleum Ministry report

The existing reservoirs of the gas will last only till the next two decades and after that time the country will have to rely only on imported gas. The report also suggested issuing the exploration licenses to figure out the potential gas resources.

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  • 43 percent of the gas is consumed by the power sector, residential and fertilizer sector claims 21 percent each, says OGRA’s State of Industry Report 2016-17.
  • Out of the available resources, about 39,750 billion cubic feet of the gas has been consumed till yet and only 21,445 billion cubic feet of the gas is left over.
Gas_crisis_Pakistan
Photo source Dawn.

The diminishing natural gas reserves of Pakistan ring the alarm bells for another crisis in the making. Startling revelations have been made by the Petroleum Ministry in a report which says that the country’s gas reserves that were about 195 billion cubic feet in 1952 are to end in the near future.

Out of the available resources, about 39,750 billion cubic feet of the gas has been consumed till yet and only 21,445 billion cubic feet of the gas is left over for the further use. The report also says that if further resources were not explored until the next 19 years then the country will run short of gas supply. The report about the coming gas crisis as released by the petroleum ministry was reported by GNN.

The existing reservoirs of the gas will last only till the next two decades and after that time the country will have to rely only on imported gas. The report also suggested issuing the exploration licenses to figure out the potential gas resources.

According to the Oil and Gas Regulatory Authority’s State of Industry Report 2016-17, 43 percent of the gas is consumed by the power sector, residential and fertilizer sector claims 21 percent each. Only 15 percent of the gas is used to meet the other demands.

Also See: Operation Grift: SSGC speeds up the crackdown against gas theft

As far as demand is concerned the provinces of Punjab and Sindh take a lead with 47 percent and 43 percent respectively followed by the Khyber Pakhtunkhwa and Balochistan.

2016-2017 OGRA Report projected the gap between the supply and demand to increase up to 3,999 million cubic feet on a daily basis in the Fiscal Year 2019-20 and 6,611 million cubic feet per day in the Fiscal Year 2029-30 without the imported gas.

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