Pakistan Plans to Buy Shale Gas Field in US

Pakistan is mulling purchasing a shale gas field in the United States in an effort to tap a cheaper source of energy to meet growing needs.

“We are considering investing in a shale gas field to ensure gas supply to Pakistan,” said Asim Hussain, Adviser to the Prime Minister on Petroleum and Natural Resources, reported Express Tribune.

Hussain said the government had planned to add one billion cubic feet of gas per day (bcfd) from local sources by the fourth quarter of next year.

In addition to this, the petroleum ministry has sent a summary to the Economic Coordination Committee (ECC) of the cabinet, proposing import of 1 bcfd of liquefied natural gas (LNG). In this programme, 200 mmcfd of LNG will be imported on fast track and 800 mmcfd will be purchased under long-term arrangements, the Pakistani newspaper said.