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Five export-oriented sectors have been approved to use Regasified Liquefied Natural Gas (RLNG) at a price of $9 per MMBTU by the Economic Coordination Committee (ECC). After detailed discussion, the ECC approved RLNG price at US $9 per MMBTU, all inclusive for existing gas connections in five export oriented sectors across Pakistan. Members of ECC Members of the ECC including Commerce Minister Naveed Qamar and Industries & Production Minister Syed Murtaza Mehmood attended the meeting presided over by Finance Minister Miftah Ismail, as well as former prime minister Shahid Khaqan Abbasi, Defence Minister Khwaja Asif, Power Minister Khurram Dastgir Khan, and state ministers for finance and petroleum Dr Aisha Ghous Pasha and Musadik Malik. A summary of regional competitive ene...

Mari Petroleum Company Limited (MPCL) has found a major gas repository of one trillion cubic feet in North Waziristan. Which will be useful in saving the country's unfamiliar settlement of roughly $1.5 billion for every annum. As per the MPCL, the creation of 25 million cubic feet of gas has begun from the ST-1 exploration well drilled in Bannu west block, situated in North Waziristan, Khyber Pakhtunkhwa. Also, more gas supply from different wells will be 200 million cubic feet each day (MMCFD). Additionally, raw petroleum creation from the Bannu west block has likewise begun. “This is good news, after a long time, for an energy-starved country. As it estimated that this reservoir will produce approximately 15 percent of the total gas production of the country.” Said a source relate...

Tag: gas

Export-Oriented Sectors Saw Gas Prices Rise by 82%

Mari Petroleum announced discovery of massive gas reservoirs