Pakistan has never had a natural gas surplus to the point where it opted to pursue an energy policy that favoured natural gas as the primary energy source for sectors critical to a stable economy. Experts have also been baffled over the years as to why the pricing of this valuable indigenous resource was not based on the principles of scarcity and optimal usage. Regardless at this point, it might as well be treated as water under the bridge and forward looking solutions must be devised.
The energy content of a molecule of natural gas measured in mmbtu (metric million British thermal unit) will provide the same amount of energy. When a customer pays for natural gas, they are essentially paying for energy. A consumer would want the same energy content at the lowest feasible price via an efficient delivery system in an ideal scenario.
A gas pipeline is utilised for efficient delivery of gas. Pakistan boasts one of the world’s largest natural gas pipeline networks; whether this was a wise infrastructure investment or not is debatable; what counts is that infrastructure exists and the existing efficiency is nowhere near comparable to international standards. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
The energy content of a molecule of natural gas measured in mmbtu (metric million British thermal unit) will provide the same amount of energy. When a customer pays for natural gas, they are essentially paying for energy. A consumer would want the same energy content at the lowest feasible price via an efficient delivery system in an ideal scenario.
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