In a concerning revelation, the Sui Southern Gas Company (SSGC) has indicated that Pakistan’s gas reserves are anticipated to undergo a significant reduction of half by the year 2027.
Highlighting the escalating consumption of gas and the rapid depletion of natural gas reserves, the SSGC emphasized the imperative to transition from local gas to Regasified Liquefied Natural Gas (RLNG).
Additionally, the SSGC reported ongoing efforts in exploring alternative sources such as biogas, nitrogen production, and gas extraction from coal to address the country’s growing gas demands.
In response to the escalating gas needs, the interim cabinet approved the initiation of the Pak-Iran gas pipeline. However, the United States expressed reservations concerning the project due to international restrictions imposed on Iran.
Earlier in February, the caretaker government implemented a hike in gas tariffs nationwide, a measure believed to align with the conditions set by the International Monetary Fund (IMF), according to insider sources. The tariff adjustment included a Rs 100 per mmbtu increase for protected consumers, while non-protected consumers faced a substantial hike of Rs 300 per mmbtu.
