gas sector overview
In recent years, the combination of rising oil consumption and flat oil production in Pakistan has led to rising oil imports from Middle East exporters. In addition, the lack of refining capacity leaves Pakistan heavily dependent on petroleum product imports. Natural gas accounts for the largest share of Pakistan's energy use, amounting to about 50 percent of total energy consumption. Pakistan is further exploring several pipeline and LNG import options to meet the expected growth in natural gas demand.
 
According to OGJ, Pakistan had 28 trillion cubic feet (Tcf) of proven natural gas reserves in 2006. The bulk of these reserves are located in the southern half of Pakistan. In 2004, Pakistan produced and consumed 968 billion cubic feet (Bcf). In light of the current onshore exploration activities and resource outlook, the Pakistani government expects minor increases in natural gas production in the short-term. However, natural gas production is expected to decline over the next 15-25 year period, while natural gas demand is expected to increase. The Pakistani government is currently developing plans to import additional natural gas (see Proposed Pipelines below) in order to satisfy increasing demand. According to the Pakistan Energy Yearbook, natural gas is currently the country's largest energy source, making up 50 percent of Pakistan's energy mix in FY 2004/2005.
 
 
  1. CNG price cut by Rs2.75 [2008-08-26]
ISLAMABAD, Aug 25: The government decided to withdraw a decision to regulate CNG prices through OGRA after CNG dealers agreed to reduce retail prices by about Rs2.75 per kg with immediate effect.



Gas Discovery [2008-08-25]
ISLAMABAD, Aug 25: Oil and Gas Development Company Limited (OGDCL) has discovered oil and gas in the exploratory well Kunnar South Well No 1 (Zone 2), located in district Tando Allah Yar.

The well will produce 14.7 million cubic feet of gas per day and 250 barrels condensate oil per day through 32/64” choke and 3000 PSI

Immediate Launch Of CNG Buses [2008-08-20]
August 13, 2008: Federal Minister for Environment Hameedullah Jan Afridi stressed the need for accelerate process of introducing CNG buses while presiding over a meeting of the steering committee to finalize recommendations for the operation of CNG buses in nine mega cities of the country.
The meeting allowed Karachi District Government to operate five hundred CNG Buses in Karachi as per their previous programme, while other provinces were asked to present their recommendations in the next meeting of the committee.