Govt formulating new petroleum exploration policy to address the energy crisis, says PM

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Prime Minister Muhammad Nawaz Sharif has said that the government is formulating a new petroleum exploration policy as well as tight gas‚ low BTU and Shale gas policies to address the energy crisis on a sustainable basis.

He expressed his views during the inauguration of Latif Gas Field Khairpur on Thursday morning.

Speaking on the occasion‚ the Prime Minister said that Pakistan is facing severe economic crisis and the daily addition of 360 million cubic feet of gas to the national grid from the Latif gas field will help in mitigating the gas shortage to some extent.

He expressed pleasure over the completion of this project in a short span of fifteen months.

He said Pakistan is saving billions of rupees in foreign exchange due to the utilization of indigenous gas reserves.

He expressed the confidence that these policy initiatives of the government will attract the foreign companies to invest in the energy sector of the country.

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi was also present on an occasion.

The Prime Minister was briefed on the gas field project.

6 COMMENTS

  1. A Committee will be formed to carry out a study.The names will be announced within the next three years and should be able to formulate the policy by next elections Allah Taala ke fazl o karam se.

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