Local gas fields threatened from LNG -Import

Representative image shows that a floating natural gas tanker is drawn against a thermal power plant in Futtsu, east of Tokyo, Japan November 13, 2017. – Reuters
  • 10 LNG -lasters Monthly sidelines of domestic gas fields.
  • Concerns raised over the Iran-Pakistan pipeline delays.
  • The Senate Committee calls for urgent the supervision of the gas sector.

Islamabad: Pakistan’s domestic gas fields are facing shutdowns as imports of floating natural gas (LNG) from Qatar place increasing burden on the country’s aging pipeline infrastructure, a Senate Committee was informed on Monday.

According to The newsOfficials informed legislators who, according to an existing agreement with Qatar, import Pakistan 10 LNG loads per year. Month and sidelined local gas production.

They warned that deteriorating pipelines that are already under enormous pressure are facing an increased risk of breakage, while limited storage capacity continues to present challenges for supply management.

The Senate Standing Committee for Oil Met here with Senator Umar Farooq in the President, called for urgent supervision and called for a detailed daily review of drilling operations and costs.

Farooq recommended a comprehensive report on gas extraction, drilling frequency and timelines to assess sustainability.

The committee also raised serious concerns about delays in Iran-Pakistan gas pipeline and noted that while development projects are facing restrictions, the goods continue to arrive from Iran without sanctions.

The panel underwent financial and administrative irregularities in the oil and gas sector.

Legislators criticized Oil and Gas Development Company Limited (OGDCL) for not posting a production bonus despite a Supreme Court order. Officials claimed that Ogdcl was not obliged to pay, but the Petroleum Ministry had not yet reviewed the Court’s judgment.

The committee was also informed of major financial administrative irregularities, including details of studies conducted in the last three years.

It was reported that subturns of pipeline material in the Central Base Store (CBS) in Manga of the company’s officials had resulted in a financial loss of almost RS380 million.

Senator Umar Farooq sought clarity on the reported loss and after examination the officials confirmed the amount.

Similarly, the committee was informed of the Bannu West project, where stolen civil material had resulted in an estimated financial loss of RS5 million.

In addition, the subtle of scrapped industrial materials was also reported by CMS Lahore and Restoring of approx. RS28 million.

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