A consortium of Pakistan’s three major fertilizer manufacturers is investing $300 million, oin the next 18  months,  to enhance gas pressure and ensure its sustainable supply to their plants.  according to a senior officiale of the three companies,   the capital expenditure  will allow   remote gas fields to  be equipped with gas compressors to sustain supply to the network. The South Asian country of 241 million people produces 3,227 MMcf/d gas annually whereas its consumption stands at 4,100 MMcf/d.  Pakistan is currently grappling with rapidly depleting energy resources.    the Sui Southern Gas Company  has warned the country’s gas reserves are likely to diminish by half by 2027 due as consumption increases and reserves decline.    Ali Rathore, the chief financial officer  of Engro Fertilizers told a group of journalists that the consortium, comprising Engro Fertilizers, Fatima Fertilizer and Fauji Fertilizers were investing $300 million to a ensure sustainable flow of gas from Mari Petroleum’s network of gas fields to their manufacturing plants.      Mari Petroleum is an integrated exploration and production company, currently managing and operating Pakistan’s largest gas reservoir at the Mari Gas Field at Daharki in the southern Sindh province.    Pakistan’s outgoing caretaker government last month increased gas prices between 175 percent to 714.8 percent for fertilizer companies that use gas as feed-stock, or raw material.     The Engro official said the complete removal of subsidies and unification of gas prices for the entire fertilizer industry can help the government earn an additional Rs80-100 billion. These funds, he said, could be used for targeted initiatives that uplift farmers. (ICE ISLAMABAD)

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