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Home Chambers & Associations Pakistan Chambers

Govt urged to utilise Zin gas reserves to overcome country’ energy crisis

byCustoms Today Report
15/07/2015
in Pakistan Chambers
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KARACHI: The country’s energy crisis could be overcome through utilising Zin gas reserves, which can fulfil consumers’ requirements for one hundred years.

This was revealed by Businessman Panel’s central leader and former FPCCI vice-president Khurram Sayeed, while talking to media. He said extraction from Zin Block could end the energy crisis and cease the need to import liquefied petroleum gas (LPG), liquefied natural gas (LNG) or natural gas from Iran and Qatar.

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The business leader said that the quantity of gas in Zin filed has been estimated to be double than that in Sui, the biggest natural gas field serving country since 1955. He said that the reserve, if commercially exploited, would help Pakistan save huge foreign exchange, bring an end to gas scarcity for compressed natural gas (CNG), fertiliser and power sectors and revive the economy. He said that Zin is surrounded by major natural gas producing fields of Pirkoh, Loti, Sui and Uch and its gas could start flowing in the system within the next six months, settling severe energy crisis forever.

“Sui gas field is left with only 2 trillion cubic feet gas while the daily production is around 604 million cubic feet. The grim scenario calls for immediate exploration and extraction initiatives,” he added.

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