Need to find solution for Gas shortage otherwise Pakistan’s energy system would collapse reckons Petroleum Minister

Need to find solution for Gas shortage otherwise Pakistan’s energy system would collapse reckons Petroleum Minister

Monday, January 2, 2012: Asim Hussain, Petroleum Minister has urged the people of Pakistan to face Gas shortage collectively otherwise the countries energy system would collapse. Hussain also said that Goverment should take rapid
steps to find solution for Gas shortfall in the country.

The Petroleum minister holds true that lack of investment in last few decades, poor policies and security threats in exploring gas in sensitive parts of the country have all played parts in the present gas crisis prevailing in
the country.

Speaking at a press conference organised at the head office of Sui Southern Gas Company (SSGC), Hussain said, “If we do not find solutions and face this problem collectively, the whole energy system of the country could collapse.”

Hussain warned that the problem will persist if stakeholders do not try to find solutions. “The demand and supply gap of gas has reached 2.2 billion cubic feet (bcf). The gas in the system is 3.8 bcf while the demand has shot up
to 6 bcf,” he clarified.

The Petroleum minister opined that Pakistan needs to import liquefied petroleum gas (LPG). In reply to the public censure on government policies in oil and gas sector, a raged Hussain said, “Those who criticise us must give solutions
and suggest how we can improve the supply of gas in the country.”

The country is facing the present predicament because no serious efforts were made to explore oil and gas in the country, he added. The Petroleum minster divulged that the biggest oil and gas company in country, Oil and Gas Development
Company Limited (OGDCL) has not bought any rig since 1985. The company now has to buy two rigs every year, he added.

He also censured the CNG sector for disturbing the gas management plans and said that CNG sector is not trying to understand the problem of gas shortage instead they are trying to make it a political point-scoring tool.

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Posted by Wajahat Javed on Jan 3 2012. Filed under Business, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry