Oil companies invited to explore energy-deficient Pakistan

An energy-deficient Pakistan offers rich opportunities for investment in the gas sector given the presence of massive and proven gas and coal reserves waiting to be explored in Pakistan.
“Pakistan is currently facing considerable energy shortage due to a rising domestic demand and conditions are ideal for leading gas and oil companies to go in Pakistan and capitalize on opportunities for energy exploration,” said High Commissioner for Pakistan to Malaysia Mr. Masood Khalid while visiting Pakistan’s pavilion set up at the 25th World Gas Conference 2012 that concluded here in Kuala Lumpur.
A six-member Pakistani delegation led by Mr. Asim Murtaza Khan, Chairman Petroleum Institute of Pakistan as well as managing director Pakistan Petroleum Ltd (PPL), attended the conference and held meetings with senior officials of participating companies besides setting up a Pakistani pavilion highlighting the potential and scope of gas and energy sector in Pakistan.
The five-day conference organized by the International Gas Union was attended by over 5,000 industry professionals and companies showcasing latest developments with information on policies, strategies, technologies, challenges and opportunities. The conference held after three years featured 14 keynote speakers, 10 strategic panels, 4 luncheon addresses, 42 technical sessions, 135 poster sessions, expert forums and 3 task force sessions. The event also had a 11,400sqm exhibition with 270 companies from over 80 countries showcasing the latest in technologies and developments within the gas industry.
The International Gas Union was founded in 1931. It is a worldwide non-profit organisation whose objective is to promote the technical and economic progress of the global gas industry. The members of the IGU are associations and entities of the gas industries in 77 countries which account for over 95% of the natural gas traded around the world, and maintain very close ties with many other international energy organisations. It consists of a total of 116 members, of which 78 are charter members and 38 are associate members.