The meeting was told that there was likely to be gas shortage in the country during the coming winters because of increase domestic consumption, depletion of existing resources and non-addition of gas from new resources.
The Prime Minister said that the nation will have to make adjustments in view of the shortage that was anticipated during the winter months between November and February because certain sectors will have to be prioritised for gas supply.
The Prime Minister decided that a committee be constituted which will be headed by Minister of Finance Dr Abdul Hafeez Sheikh and will include Minister of Information and Broadcasting, Qamar Zaman Kaira and Dr. Asim Hussain, Advisor to the Prime Minister on Petroleum. The private sector will be represented by relevant stakeholders.
The Prime Minister directed the committee to hold meetings and prepare appropriate proposals. The proposals, he said, should ensure that the impending shortage should have minimum impact on the economy and industry.
The Prime Minister directed the committee to come up the proposals within a week so that we can grapple with the situation well in time.
The meeting was attended by Dr Abdul Hafeez Sheikh, Minister for Finance Qamar Zaman Kaira, Minister for Information and Broadcasting, Nazar Muhammad Gondal, Minister for CADD, Dr. Asim Hussain, Advisor to the Prime Minister on Petroleum, Gohar Ejaz, representative of LNG Industry, Fawad Mukhtar, Representative of Fertilizer Industry, Shahzad Ali Khan, Chairman Energy Committee APTMA, Ahsan Bashir, Chairman APTMA and senior government officials.