July 15, 2021

Gas shortfall expected to reach 4.2bcfd in 10 years

ISLAMABAD: Gap in demand and supply of gas is expected to reach 4.2 billion cubic feet per day by FY2030-31 from 1.3 bcfd, in the fiscal year of 2019/20, Oil and Gas Regulatory Authority said.The indigenous gas production fell 10 percent to 2,138 million cubic feet per day ) in last fiscal year from 2,379 mmcfd a year earlier and gas consumption declined 6 percent to 3,714 mmcfd from 3,969 mmcfd during the corresponding period.In a report on ‘state of the regulated petroleum industry...