STAFF REPORT ISB: The Liquefied Natural Gas (LNG) would be deregulated and supplied to the CNG stations across Pakistan in order to ensure availability of cheap fuel to the consumers.
Minister for Petroleum Shahid Khaqan Abbasi told the Nation Assembly recently.
He said that the government would not regulate the LNG sector and its price would also be determined by the private sector.
“The LNG price would be around 30 per cent less than the petroleum products prices but this will be determined on the basis of supply and demand by the private sector,” he said. Parliamentary Secretary for Petroleum and Natural Resources Shahzadi Umarzadi informed the house that according to the study of EIA (US Energy Information Administration), around 105 TCF of shale gas and 9.1 billion barrels of shale oil were present in the country. She said the ministry has launched a study with the assistance of USAID to evaluate potential of the shale gas in the lower and middle Indus Basins and technology required for its extraction.
“These are preliminary figures and are yet to be verified. Presently, no data is available about district-wise potential of the shale gas,” she said.