Karachi: Pakistan has an estimated tight gas reserves of 33 trillion cubic feet (tcf) which are more than the existing estimated natural gas reserves of 27 tcf in the country, said the Deputy Managing Director (operations) of Sui Southern Gas Company (SSGC) Syed Hassan Nawab.
Hassan Nawab was delivering a presentation on “Natural Gas Industry in Pakistan: Progress and Prospects” at 7th International POGEE Conference 2011 for Oil and Gas and Energy Industry at Karachi Expo Centre on Wednesday. Joint Secretary Ministry of Petroleum and Natural Resources Raashid Bashir Maser was the chairman of the session. Referring to a report of Pakistan Petroleum Exploration and Production Companies Association (PPEPCA), Hassan Nawab said the country will have sufficient natural gas if tight gas is explored with the help of advanced technology. He pointed out that the government has prepared the draft policy for tight gas and it is currently with the Council of Common Interest (CCI) and this will be approved soon.
Quoting some of the incentives in the draft tight gas policy, he said that investors will be offered 40 percent premium on the current gas price for exploring tight gas. Similarly, 50 percent premium will be offered on current gas price to investors if they commission their project by December 2011.
Hassan Nawab said that Pakistan can also produce gas from Thar coal with the help of underground coal gasification (UCG) technology. There is a potential to produce 35 tcf of coalbed methane from Thar coal, he noted.
He said that the availability of natural gas can be enhanced through import of liquefied natural gas (LNG) from neighbouring countries like Qatar and Iran—through 3rd party arrangements. He said the country has a very large network of pipelines and the importer of LNG can pump this gas to their buyers in upcountry destinations.