Gas shortfall likely to intensify in coming years, warns OGRA
August 26, 2020 01:41 AM
Gas shortfall is likely to intensify in the country in the coming years.
According to the State of Regulated Petroleum Industry Report 2018-19 released by the Oil and Gas Regulatory Authority (OGRA), gas shortfall in Pakistan is likely to increase to 5,389 mmcfd in the next 10 years. By 2025, gas shortfall will hit 3,684 mmcfd. In 2019, gas shortfall stood at 1,440 mmcfd.
According to the OGRA estimates, the demand for gas will increase to 5,332 mmcfd by 2024. And by 2030, the demand for gas will increase to 6,937 mmcfd. OGRA has declared that Pakistan’s local gas production is not sufficient to meet the country’s needs. OGRA says that share of the imported LNG in the gas supply has increased to 21 percent. OGRA says the country has the gas supply of 4,319 mmcfd right now. Currently, Sindh is producing 46 percent of the total gas produced in Pakistan, Khyber Pakhtunkhwa 12 percent, Balochistan 11 percent and Punjab 3 percent.