(Web Desk) Due to the import of LNG, the local industry is facing a loss of 192 million dollars and due to non-collection of taxes, the national treasury is facing a loss of 20 billion rupees.
Once again the local oil and gas industry began to be affected by the import of LNG, after the import of LNG, gas utilities reduced the supply of gas from local fields operated by exploration companies.
According to sources, the total cut in gas supply is calculated at 329 million cubic feet per day resulting in a monthly loss of $48 million.
Oil and gas industry officials say the impact in the past four months has reached $192 million. Additionally, the halt in crude oil production due to gas shortages has cost the country 5 billion rupees, according to officials. 329 mmcfd of LNG worth $500 million in a four-month period, oil and gas exploration companies have claimed huge losses, OGDC in the last eight weeks. A loss of around $8 million has resulted in gas production falling to 1,461 mmcfd, crude oil production to 26,394 barrels and LPG production to 1,391 metric tonnes.
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According to available data, production from Sui has decreased by 50 mmcfd, Kadirpur by 25 mmcfd, Ghazi and HRL by 70 mmcfd, Nashpa by 45 mmcfd and Dhok Hussain by 15 mmcfd. This strategy is seen as a direct insult to local and international investors in Pakistan’s upstream energy sector.
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Industry officials say the decline in domestic gas supply is not just an economic mistake but a strategic one, with Pakistan’s dependence on LNG imports paying a heavy price both financially and geographically as the country relies on foreign suppliers. is becoming more and more dependent on