Gas Production Falls 5% From 2018: Report

Gas production in Pakistan has fallen five percent from 2018 as all the major producers of natural gas witnessed a reduction in output.

The country’s gas production remained at 3.691 billion cubic feet/day (bcfd) in April, witnessing a five percent decline year-on-year.

This has further widened the energy demand and supply gap in the country.

According to a report by Optimus Capital Management, gas production went down one percent last month. It predicted that the gas shortfall might jump up to 4,600 million metric cubic feet/day (mmcfd) – more than double – in the next five years.

The report quoted stats from the Pakistan Petroleum Limited (PPL) to reveal that the gas production of the Oil and Gas Development Company (OGDC) remained 1.052 bcfd in April and saw a downfall of 4.5 percent month-on-month.

PPL’s gas production averaged at 869 million metric cubic feet/day (mmcfd) in April compared to March, while, Pakistan Oilfield’s (POL) gas production also declined 2.9 percent month-on-month to 86 mmcfd.

The report stated that the production at Sui and Kandhkot remained mostly flat in April compared to March, averaging 375 and 212 mmcfd, respectively.

Gas production at KPD-TAY, Nashpa, and Adhi also went down by five percent, averaging 190, 90 and 64 mmcfd, respectively.

Output at Jhandial witnessed an eight percent month-on-month dip, falling to just 5 mmcfd in April, the report said.

Via: The News

Ltd feature videos

Watch more at LTD