Gas reserves at 32tr cubic feet



Tuesday, January 15, 2008
ISLAMABAD: The country has retained natural gas reserves around 32 trillion cubic feet as per present gas production of 4 billion cubic feet per day, It will last for next 22 years.

According to official sources in the Ministry of Petroleum, presently, 42 companies are working in the country with 118 exploration licenses and 127 leases. 17 new blocks have been opened which would give further impetus to the ongoing exploration activities in the country and would open tremendous opportunities for the prospective investors in diversified fields.

About production, he said that 70 per cent of natural gas is coming from Sindh while share of gas in the energy mix is 54 per cent. In the new petroleum policy, more incentives have been offered to investors for oil and gas exploration and production in the onshore and offshore areas. The state-run Oil and Gas Development Company Ltd (OGDCL) is engaged in exploration and production activities in the country for last four decades. The company holds the largest share of oil and gas reserves in the country.

http://www.thenews.com.pk/daily_detail.asp?id=91151

So ... for now its only 22 years?

I thought SUI would last a couple of hundred years ...

I am pretty sure there is a lot more gas in Pakistan, just needs to be found.

I guess we got a lot of untapped Gas. But Indians got a lot more than us; they do eat lot more Dal there. No wonder they are having second thoughts for this pipeline.

According cia's world fact book, Pak had in 2006 about 760 bn cu m gas. Isn't it a big jump from 0,760 tr to 32 tr ?!?!?

Oder was ?!?!?

Cu meters and cu feet are different measurements. Also CIA is not always up to date on issues relating to economy or resources. Pak goverment is the only source on national subjects, upto you to believe or not.

First, thats in meters... this in feet. That makes a big difference. Second of all as Mangla pointed out, CIA Fact Book is not the most update place to get information (I mean that estimate could have been taken in the beginning of 2006, now it is the beginning of 2008). And I believe there were some major finds (of blocks) in the past year and a half.