Khan projected that LPG’s share in the country’s energy mix, currently at 1.3%, is poised to surpass 5% within the next half-decade.
ISLAMABAD: Chairman of the Oil and Gas Regulatory Authority (OGRA), Masroor Khan, anticipates a significant uptick in LPG consumption in Pakistan over the next five years, signaling a need for industry adaptation and reform.
Addressing the Oil and Gas Conference, Chairman Masroor Khan underscored OGRA’s commitment to meticulously determining gas tariffs. He highlighted that only 40% of the white oil pipeline is currently utilized, emphasizing the necessity to phase out traditional petrol pumps, of which there are approximately 3,000 operational nationwide.
Khan projected that LPG’s share in the country’s energy mix, currently at 1.3%, is poised to surpass 5% within the next half-decade. He emphasized ample investment opportunities in LPG storage, transportation, and standard cylinder production, advocating for the introduction of 200 kg commercial cylinders to meet growing demand.
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Former Prime Minister Shahid Khaqan Abbasi, also speaking at the event, lamented the persistent energy crisis and urged decisive action to address underlying issues. Abbasi attributed the surge in LPG usage to dwindling gas reserves and criticized bureaucratic delays in infrastructure projects, citing a three-year wait time for petrol pump installations and an eight-year-long stagnation in refinery policy.
Highlighting the urgency of the situation, Abbasi called for government trust in investors, advocating for energy sector deregulation and equitable gas pricing to foster industry growth and stability.
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