The state-run Oil & Gas Development Company Limited (OGDCL) is planning a major expansion of unconventional gas developments from early next year, aiming to boost production and reduce reliance on imported liquefied natural gas. Pakistan has long been viewed as having potential in both tight and shale gas, which are trapped in rock and can only be released with specialised drilling, but commercial output has yet to be proved. Managing Director Ahmed Lak told Reuters that OGDCL had tripled its tight-gas study area to 4,500 square kilometres after new seismic and reservoir analysis indicated larger potential. Phase two of a technical evaluation will finish by the end of January, followed by full development plans. The renewed push comes after US President Donald Trump said Pakistan held “massive” oil reserves in July, a statement analysts said lacked credible geological evidence, but which prompted Islamabad to underscore that it is pursuing its own efforts to unlock unconventional resources. Ahmed Hayat Lak, M...
Prime Minister Shehbaz Sharif said on Thursday that Pakistan was ready to provide landlocked Kyrgyzstan access to regional and global markets through its ports. The premier made the remarks as he addressed the media in Islamabad alongside Kyrgyzstan President Sadyr Zhaparov, following discussions between the two leaders. Zhaparov arrived in Islamabad yesterday on a two-day maiden visit to Pakistan. PM Shehbaz said in a post on X that the visit was the first by a Kyrgyz president in 20 years. Detailing the discussions held today, the prime minister said that Kyrgyzstan was a landlocked country and therefore, “Pakistan stands ready to provide Kyrgyz Republic access to regional and global markets through our ports of Karachi, Bin Qasim and Gwadar”. View this post on Instagram “During our fruitful discussions today, we had a detailed exchange on […] bilateral relations as well as important regional and international developments,” PM Shehbaz said about his meeting with Zharapov. Chief of Army Staff Field Marshal ...