System to get 300MMBTU additional gas by year end

Karachi: Federal Minister for Petroleum and Natural Resources (MPNR) while addressing to All Pakistan CNG Association has given an indication that an additional 300 MMBTU gas would be available at year end.

According to Alfalah Securities, the government intends to bring 300 MMBTU gas to the system out of which 100 MMBTU gas is expected to be extracted from the Karachi Port Trust (KPT) field, Kirthar Gas Field and tight gas reservoirs by the end of year. Moreover, the government is also seeking to abolish all sorts of subsidies provided to different sectors of the economy and has also taken steps towards development of gas fields for increased gas supply. The addition of gas would bridge the gap of demand and supply particularly the fertilizer companies.

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