Pakistan’s energy sector received a significant boost today with the announcement of a new gas discovery in the Khairpur Latif block of Sindh province. The breakthrough was reported to the Pakistan Stock Exchange (PSX), highlighting its importance for the country’s natural gas reserves.
Discovered through joint efforts by Pakistan Petroleum Limited (PPL) and two private firms, the find represents a crucial advancement in Pakistan’s efforts to bolster its energy security. The drilling, initiated on May 4, has already yielded 11.27 million standard cubic feet of gas per day.
Read more: Natural gas price increased by 172 percent
“This discovery underscores our ongoing efforts to expand Pakistan’s natural gas reserves,” stated a spokesperson for the consortium. The achievement underscores the potential of Pakistan’s untapped resources and the effectiveness of collaborative ventures in the energy sector.
Pakistan has been actively working to mitigate energy shortages, particularly in natural gas, which is vital for meeting domestic energy needs. The new discovery is expected to significantly boost gas production and stabilize energy supplies throughout the country.
The consortium’s announcement to the PSX has generated positive expectations, as stakeholders view this development as a critical step toward addressing Pakistan’s energy challenges comprehensively. With this new reservoir, Pakistan is well-positioned to enhance its standing in the regional energy market and ensure a more sustainable energy future.
