Mari Petroleum Company Limited (MPCL) has discovered a big gas reservoir of one trillion cubic feet in North Waziristan which will be helpful in saving the country’s foreign remittance of approximately $1.5 billion per annum.
According to sources, this is a big discovery of MPCL and with this discovery the country’s foreign remittance of approximately $1.5 billion per annum will be saved.
“This is good news, after a long time, for an energy starved country as it is estimated that this reservoir will produce approximately 15 percent of the total gas production of the country,” said a source privy to the development.
He added that the price of this indigenous gas will be around $4 per Million British Thermal Unit (MMBTU) while the country is already bearing the brunt of $25 per MMBTU Liquefied Natural Gas (LNG).
