Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi here on Tuesday inaugurated the gigantic Makori Gas Processing Plant that would help play vital role in development of oil and gas industry in Pakistan.
Politicians, lawmakers, LG representatives and senior officials of Ministry of Petroleum and Natural Resources and MOL Pakistan Oil and Gas Company besides local elders attended the inauguration of Makori Gas Processing Plant.
The plant would produce 305 MMSCFD of natural gas, 520 metric tons per day LPG and 25000 barrels per day of condensate/crude that would play a vital role in development of oil and gas industry in the country.
Speaking on the occasion, Minister Shahid Khaqan Abbasi said the government was well aware of requirements of industrial and domestic sectors and taking every possible measure to meet the gas needs of these sectors for stable and progressive economy.
The minister said no proper planning was done during the previous regimes to cope with rising demand of gas for domestic and industrial sectors, saying the present elected government soon after coming into power had accorded highest priority to energy and gas sectors to cater the high domestic and industries demands by utilizing all options.
Shahid said the government was working on several gas search projects to fulfill the country’s gas requirements. The federal government had initiated gas-related projects worth Rs 800 billion including setting up of LNG terminals and gas pipelines to meet energy needs of the country.
The minister said that Pakistan would have surplus energy due to effective policies of PML-N government under the leadership of Prime Minister Muhammad Nawaz Sharif by 2018. The minister said that the special focus has been given to energy sector in CPEC and these projects after completion would exterminate menace of load shedding forever.
Abbasi while commenting on three and half years performance of the PML-N government said the country has achieved tremendous progress almost in every sector including energy, infrastructure, communication, economy, social and oil and gas sector and today Pakistan was far better, economically stable and prosperous that it was in 2013.
He said that the uninterrupted gas supply was being provided to industrial and domestic sectors of Khyber Pakthunkhwa despite shortage of gas in the country and urged the people to save gas especially during peak hours. The minister said that 50 per cent electricity used by domestic and industrial sectors was being produced from different power units, which were being run on gas.
The minister said the shortage of gas problem would be addressed with completion of gas and energy projects in the country. He said that the gas and energy was engine of growth and no economy could develop without promotion of business and industry. He said the government was seriously working to confront with all the challenges presently the country was facing.
He said that the shortage and lower pressure of gas would be overcome with the addition of more gas in the system. He said Karak was very rich in gas and Makori gas facility like projects would help generate job opportunities besides eradicating poverty in the area. The minister congratulated MOL Pakistan at inauguration of Makori Gas Processing Plant and expressed the hope that they would continue to invest and build the gas exploration and production sector of the country.
