Polish gas monopolist PGNiG to be the first to extract shale gas in Pakistan

Karachi: Polish gas monopolist PGNiG will likely participate in the first extraction of shale gas in Pakistan, reports Dziennik Gazeta Prawna.

The firm owns 70 percent of stakes in a concession where shale gas has been discovered in Pakistan. The rest of stakes belongs to Pakistan Petroleum. The process of extraction of unconventional fuel there is expected to start by the end of this year. This is the first time shale gas will be extracted in Pakistan.

The deposits of shale gas under the PGNiG-owned concession are estimated at 17 billion cubic meters, while the country’s total shale gas reserves are estimated at nearly 1.5 trillion cubic meters.

Pakistan government, which plans to cooperate with Polish gas and oil concern, hopes that exploitation of shale gas will supplement Pakistani energy reserves and will constitute an alternative to oil.

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