Czech Companies showing interest in LNG Sector of Pakistan

Interesting news about the attention of Czech oil and gas companies in LNG business in Pakistan has been shared with the Federal Minister for Energy Omar Ayub Khan. In the recent meeting of Minister for Energy Omar Ayub Khan with Tomas Smetanka, Ambassador of Republic of Czech in Pakistan, the minister made a comprehensive discussion on stance of energy sector and energy market of Pakistan. The minister also highlighted the government’s robust policies to renovate the petroleum and power sector of the country. As the government is fully committed to diversify the outlook of energy market making it competitive and efficient, the Indicative Generation Capacity Expansion Plan (IGCEP) 2030 will reduce the reliance on imported fuel. With IGCEP, an additional renewable capacity i.e. 60 percent power generation from biomass, solar and wind; 30 percent from hydel, 10 percent each from thermal and nuclear power plants will further reduce capital value of the oil reliance on the energy sector. The exploration and production activities being carried out in Pakistan has produced segmented results.  The government has carried out the bidding of 15 oil and gas blocks with a minimum investment over USD 71 million, the targeted program will worth around hundred million dollars.