Pakistan Petroleum Limited Announces Gas Discovery in Sindh
Pakistan Petroleum Limited (PPL) has made a natural gas discovery in Gambat Block located in Pakistan’s Sindh province, reports Business Recorder, country’s financial daily.
The field is expected to produce 30 Million Cubic Feet per Day (MMCFD) of gas.
Official sources in the Ministry of Petroleum and Natural Resources told Business Recorder on Monday that this year the ministry has added over 400 MMCFD of natural gas to the system, but this addition is not sufficient to meet the local demand.
As per officials, the country's local gas production stands at around 4.2 Billion Cubic Feet per Day (BCFD) against total managed demand of 6 BCFD.
To meet the increasing demand the government has initiated the import of LNG from Qatar for which a LNG terminal is under construction at Port Qasim in Karachi which would be completed by the end of April 2015.