Two firms ink MoU for Rs20bn gas investment

Shaheen Energy (Pvt) Ltd and China-based Anton Oilfield Services Group have entered into an MoU to explore major investment prospects in Pakistan's gas sector, according to a statement from Shaheen Energy reported by Dawn. The two firms plan a programme of roughly Rs20 billion spread over three to five years. Their focus is on recent policy reforms that have widened the scope in the domestic gas market and in upstream EPC projects.

The memorandum sits within a framework that lets exploration and production companies sell up to 35 per cent of their share of pipeline-quality gas to third-party buyers. Those buyers must hold a licence from the Oil and Gas Regulatory Authority and are selected through a competitive process. The change was made in 2024 through a statutory regulatory order that amended the Petroleum (Exploration and Production) Policy 2012.

Shaheen Energy is a Karachi-based company that develops and operates low-pressure gas facilities, handling processing and use of natural gas and flare gas. Its work covers gas processing, cleaning, purification, dehydration and compression so the output suits industrial and commercial customers. According to the report, the framework opens room for private investment in gas processing, transport and supply infrastructure.