The National Assembly's Standing Committee on Petroleum and Natural Resources was informed that the total cot of Iran-Pakistan Gas Pipeline project (IP) would be around $1.5 billion. Ijaz Chaudhary, Secretary Ministry of Petroleum, while briefing the committee here on Monday said that the government would complete the project in December 2014 and had also sought expression of interest from national as well as international leading consultant firms.
The committee was informed that country would continue to face gas load-shedding till 2025 due to unjust utilisation and excessive use of precious gas resources of the country.
The committee, which met here with Sardar Talib Hussain Nakai, Chairman Standing Committee on Petroleum and Natural Resources in the chair, directed the Ministry of Petroleum and Natural Resources to take all possible steps for resolving the energy crisis.
While briefing the legislators at headquarter of Oil and Gas Development Company Limited (OGDCL), secretary petroleum Ejaz Chaudhary informed the committee that due to excessive and unjustified utilisation of natural gas across the country, the gap between demand and supply had gradually been increasing and there was no chance to get rid of gas load-shedding till 2025.
Secretary Petroleum and Natural Resources briefed the committee about the different departments working under the Ministry along with their charter of duties. The committee was briefed in details about the present status of oil and gas sector in addition to the future requirements of the country against the available resource of oil and gas.
The committee asked the Ministry to utilise hydro, nuclear and coal resources as alternate sources of energy. Secretary Petroleum also briefed the committee on different departments working under the ministry and latest situation in oil and gas sector in the county.
It was informed that domestic energy resources were expected to reach the peak of 54 million Tones Oil Equivalent (TOE) in 2013. However, it would decline to 43 million TOE by fiscal year 2025, primarily because of decline in natural gas production.
Fossils fuels including gas, oil and coal in energy mix could be projected to be at the same level of 88 per cent as recorded during fiscal year 2008, similarly the share of domestic resource in fossil fuel supplies is being expected to fall from present 64 to 18 per cent in FY 2025 in the Business As Usual (BAU) scenario.
He expressed the apprehension that oil import bill would go up to $60 billion in FY 2025, 400 per cent higher than the amount of $12 billion, which was spent on oil imports during FY 2008, ie, 63 per cent of country's export earning.
Country's energy supply mix for FY 2009-10 was recorded up to 66.5 million TOE out of which Hydro-Nuclear Electricity stood at 11.8 per cent, Coal energy 7.4 per cent, Liquefied Petroleum Gas 0.4 per cent, natural gas 51 per cent and furnace oil 29.4 per cent.
During FY 2010-11 major part of the petroleum products particularly crude and furnace oil up to 43 per cent was used to generate electricity power, 0.5 per cent in domestic sector, 47 per cent for transport segment, 7 per cent of total oil consumption in industrial and lowest share of oil consumption was recorded in agriculture sector.
Similarly, total 3,982 MMCFD gas was produced with highest share from Sindh 2,805 MMCFD equal 70 per cent of the total, second largest producer Balochistan 898 MMCFD showing 23 per cent of total production, 186 MMCFD in Punjab showing 5 per cent of total production in the country during FY 2009-10.
However, a decline in consumption than production was observed during the same fiscal year as showing highest consumption in Punjab province up to 1,616 MMCFD 46 per cent of total consumption, 1,498 MMCFD in Sindh as 43 per cent, Balochistan 243 MMCFD with 7 per cent and 122 MMCFD gas was consumed in Khyber Pakhtunkhwa province showing only four per cent consumption of the total 3,480 MMCFD gas.
Sector wise gas consumption pattern during FY 2009-10 showed that highest level of gas consumption was recorded in power sector up to 1.165 MMCFD where gas was used to generate electricity by Independent Power Producers (IPPs), 594 MMCFD gas was consumed by Industrial sector, 559 MMCFD by domestic consumer, 197 MMCFD by Condensed Natural Gas (CNG) sector, 438 MMCFD in fertiliser sector, 35 MMCFD in Cement industry, 92 MMCFD gas was consumed in commercial sector, while 290 MMCFD gas was utilised for captive power, the committed was informed.
The meeting was attended by Nawab Ali Wassan, Mian Abdul Haq, Mir Ahmadan Khan Bugti, Chaudhry Muhammad Barjees Tahir, Begum Shahnaz Sheikh, Abdul Waseem, Syed Haider Ali Shah, Aftab Ahmed, Nazar Gondal and Rana Afzaal Hussain besides high official of the Ministry and OGDCL.
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