Pakistan Plans to Produce 4,791 mmcfd of Gas This Year

Pakistan aims to produce 4,791 mmcfd of natural gas in the fiscal year 2012-13 and has planned to step up investment to achieve the target, The News reported. In the year 2012-13, the country produced 4,197 mmcfd of gas.

The government has planned several measures to enhance exploration and production (E&P) activities, including the Petroleum Policy 2012.

The newspaper said that besides Tight Gas (Exploration & Production) Policy, 2011, which is to attract exploration companies to invest in tight gas fields, Low BTU Gas Pricing Policy, 2012 and Shale Gas Policy, 2012 are being formulated in order to exploit hydrocarbon to alleviate shortage of energy.

In order to meet domestic demand, Pakistan has also focused on importing piped gas, liquefied natural gas (LNG) and liquefied petroleum gas (LPG).