The National Assembly’s Standing Committee on Energy (Petroleum Division) on Thursday reviewed challenges facing local gas distribution companies, as well as a new policy framework for private companies’ involvement in natural gas exploration.
Chaired by MNA Syed Mustafa Mehmood, the Energy secretary also briefed the meeting on gas procurement agreements with Qatar and Azerbaijan. He highlighted that a provision allowing private entities to retain and market 35% of future gas discoveries in Pakistan was aimed at facilitating local exploration. He also emphasized a two-pronged strategy to manage supply shortfalls, including engaging stakeholders for new discoveries and prudent network operations, which will help optimize reserves, promote competition, and reduce circular debt.
During the meeting, the committee unanimously agreed to constitute a subcommittee under the convenorship of Syed Naveed Qamar to draft new guidelines for the efficient use of CSR, production bonuses, and training funds for capacity building.
The ministry also informed the committee that refineries have previously been advised to investigate the influence of additives on the environment and health, and the government has established the Brownfield Refining Policy, 2023, to upgrade refineries and improve fuel quality. The committee recommended holding a comprehensive briefing on the new biofuel policy in the upcoming meeting.