ISLAMABAD: Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Saturday said that the reserves in Sui and Qadirpur gasfields would run dry by year 2022, Geo News reported.
He said this while speaking at a seminar here organized by the Petroleum Institute of Pakistan (PIP), a representative body of the oil and gas industry, titled "Shale Gas Potential in Pakistan.”
Dr. Asim Hussain said he has been advocating the need to balance country's energy mix, which currently is heavily dependent on natural gas.
He said the US Energy Information Administration has estimated the shale gas reserves in Pakistan at 51 TCF, low BTU gas reserves 2 TCF and that of tight gas at about 40 TCF.
He added that shale gas exploration is high technical and costly, therefore, in order to encourage its exploration, pilot projects were being planned.
The Ministry of Petroleum and Natural Resources will facilitate E&P Companies wishing to explore shale gas, by granting special concessions through transparent process and based on merit, said Dr Asim.
Dr Asim said that Pakistan offers great potential in the oil and gas sector and the government is doing its part by introducing new policies to meet the rising energy demand.
Curtesy: Geo News
