Tight Gas Policy to be Tabled in Pakistan

Federal Minister for Petroleum and Natural Resources Syed Naveed Qamar has announced to table the Tight Gas Policy before the Council of Common Interests (CCI) in its forthcoming meeting to be held within a month. He ha salso underlined the need for accelerating the indigenous oil and gas production while keeping the untapped, unconventional reservoirs of tight and low BTU gases in the spotlight.

Syed Naveed Qamar made this announcement on Wednesday while speaking on the occasion of the Annual Technical Conference of the Society of Petroleum Engineers (SPE) and Pakistan Association of Petroleum Geoscientists (PAPG), 2010 here.

A large group of experts from the petroleum industry, corporate heads, delegates from the Ministry and university students attended the ceremony.
Dwelling on the conference theme “Evolving Exploration and Production Strategy for Growing Energy Needs”, the Minister informed the audience that the Tight Gas Policy had been formulated by the Ministry and was ready to be tabled before the CCI in its forthcoming meeting.

He said that as soon as the Tight Gas Policy was approved and announced, it would avail the opportunity from that resource, so far left underground, while every un-recovered, unexploited hydrocarbon molecule was adding to the overall budgetary deficit in a big way.

The Petroleum Minister also announced that the Ministry would grant scholarships to deserving candidates to enable them to acquire skills and serve the country in a better way.

Source: The Nation