In a concerning statement, the Sui Southern Gas Company (SSGC) has projected a potential halving of Pakistan’s gas reserves by 2027.
According to the SSGC, the rising consumption of gas is rapidly depleting the country's natural gas reserves. The company emphasized the urgent need to transition from local gas to Regasified Liquefied Natural Gas (RLNG).
Additionally, the SSGC highlighted ongoing efforts to explore alternative sources of gas production, including biogas, nitrogen production, and coal-based gas production, to address the country's gas demands.
In response to the gas supply challenges, the caretaker cabinet approved the continuation of work on the Pak-Iran gas pipeline. However, concerns have been raised by the United States due to international restrictions on dealings with Iran.
Earlier in February, the caretaker government raised gas tariffs nationwide to comply with conditions set by the International Monetary Fund (IMF). Protected consumers faced a Rs 100 per mmbtu increase, while non-protected consumers experienced a significant hike of Rs 300 per mmbtu, according to reliable sources.
