Islamabad: Advisor to the Prime Minister on Petroleum and Natural Resources Dr. Asim Hussain has said that Energy resources are finite and therefore Natural Resources should not be wasted and at the same time efficiency of system should be improved.
He stated this while meeting with a delegation comprising of prominent officials of the Indonesian Oil and Gas sector including senior officials of the Directorate General of Oil and Gas, Ministry of Energy and Mineral Resources Indonesia and Oil and Gas Downstream Regulatory Agency BPH Migas.
Leading the delegation, Dr. A.Qoyum Tjandranegara, Commissioner BPH Migas, apprised the Advisor on Petroleum that the delegation is visiting Pakistan to discuss gas transmission and distribution systems and possible cooperation in this regard between Pakistan and Indonesia.
Dr. Asim Hussain said that natural resources being utilized are non-renewable and therefore should be used conservatively with utmost efforts to improve efficiency.
He informed the delegation regarding policies and guidelines introduced by the Ministry of Petroleum and Natural Resources including Petroleum Exploration and Production Policy 2012, LPG, LNG, Low BTU Gas, Marginal Gases and Flared Gas policies.
The Advisor on Petroleum also informed that several projects are underway to improve the efficiency, control gas losses in the gas distribution network and to phase out CNG in Pakistan.
Dr. Asim Hussain emphasized upon long term planning for utilization of Natural Resources particularly natural gas and that energy mix should be balanced and not be heavily dependent on natural gas.
He said that Ministry of Petroleum and Natural Resources and its attached departments are more willing to facilitate the Indonesian Government regarding collaboration in the oil and gas sector.