Government to Introduce New Gas Pricing Mechanism

Government to Introduce New Gas Pricing Mechanism

The Government to Introduce New Gas Pricing Mechanism. This approach will amalgamate the prices of domestically produced natural gas and imported RLNG (Regasified Liquefied Natural Gas) to determine the ultimate gas price. While this novel pricing model is anticipated to render gas more economical for consumers in Punjab, it may entail escalated costs for industries in Khyber Pakhtunkhwa, Sindh, and Balochistan.

In a significant breakthrough, the Mari Petroleum Company has announced a substantial gas discovery in Sindh. As per the company spokesperson, a gas well has been successfully drilled in the Mari Gasaj Formation field. Situated at a depth of 1,483 meters, the well is poised to yield approximately 10.5 million cubic feet per day (mmcfd) of gas.

Fresh Gas Reserve In Sajawal

This discovery follows in the footsteps of similar findings by other oil and gas firms in the region. OGDCL (Oil and Gas Development Company Limited) recently divulged a fresh gas reserve in Sajawal, Sindh, boasting an estimated 12.4 billion cubic meters of gas. This discovery, entirely owned by OGDCL, is forecasted to significantly fortify the country’s gas reserves.