Pakistan Cabinet Committee to Discuss Shale Policy

Pakistan’s Shale Gas Policy, prepared by Ministry of Petroleum and Natural Resources, would be soon forwarded to the Economic Coordination Committee of the Cabinet (ECC) for approval.

As per the policy, the government would offer shale gas blocks to investors through open bidding, Business Recorder said in a news report. Also, to extract gas from standard and dormant fields, the ministry offered attractive incentives to investors which include well-head gas price in accordance with international standards at $6.3 to $6.6 per MMBTU with an additional rate of $0.25 per MMBTU.

With the development of standard gas fields, Pakistan may add about 400-500 Million Cubic Feet per Day (MMCFD) of natural gas into the system and from a dormant gas field, up-to 75 percent of the gas could be recovered.