Govt efforts for alleviating gas crisis lauded
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Early formulation of Shale Gas Policy demanded
Five years of empty talk, power struggle damaged oil, gas sector
The Pakistan Economy Watch (PEW) on Thursday lauded the government for its serious initiatives to encourage foreign investors with an aim to mitigate gas crisis.
Government is trying best to add maximum amount of gas to the national gas grid as soon as possible to help masses and economy, said Dr Murtaza Mughal, President of the PEW.
Ministry of Petroleum and Natural Resources in helping local as well as foreign investors which is restoring confidence of the business community, he added.
Dr Murtaza Mughal said that there would be no need for load shedding for industrial and CNG sectors if gas theft and illegal use is contained.
Similarly, early resolution of disputes between exploration companies and the government departments would help add additional gas in the system, he said adding that those who are confusing the nation on import of Iranian gas are enemies of Pakistan.
Natural gas is the major component of Pakistan’s total energy mix and main stay of our economy which has been saving billions in foreign exchange since decades; he said adding that an attractive rate of return will also motivate other companies to explore more.
Dr Murtaza Mughal demanded early formulating Shale Gas Policy to attract companies from across the globe to harness abundant shale gas reserves as country continue to inch towards the worst natural gas crisis.
The recent development would send very positive signals to the local and foreign investors as Pakistan’s future is linked to development of gas sector, he said.
A dishonest medical practitioner wasted five years due to his inaction, statements and efforts to control Ogra that damaged the oil and gas sector which will take a long time and serious effort to repair.
