Lahore: Punjab Senior Minister Abdul Aleem Khan on Wednesday notified the discovery of ‘huge gas reserves’ in the Kalat region of Balochistan, a news source reported. He further stated that the Pakistan Petroleum Limited (PPL) had identified more than 1 trillion cubic feet of gas in the area.
The minister said that the discovery of gas reserves in Kalat was a ‘good news in controlling Pakistan’s energy crisis for the residential and commercial sector’. He added that the ongoing exploration gig would facilitate the revival of Pakistan’s economy. He further revealed that the LNG imports were currently valued at an estimated USD 16 billion.
Previously, PPL had announced the results of its first discovery, performed on the Kalat Plateau in Balochistan, in the Margand X-1 exploratory well. It added that the venture had led to the opening of a new sub-basin for further exploration of hydrocarbon reserves.
Sources revealed that the latest discovery would enhance the country’s existing hydrocarbon reserves, in addition to reducing the gap between supply and demand of oil and gas via exploitation of indigenous resources.