Pakistani, Chinese firms plan Rs20 billion investment in gas sector

Karachi-based Shaheen Energy has inked a memorandum of understanding with China's Anton Oilfield Services Group, according to Profit by Pakistan Today. The two sides plan to explore opportunities worth roughly Rs20 billion in Pakistan's gas segment over the coming three to five years. The pact targets openings linked to a 35% third-party gas sales scheme set by the government, along with upstream gas projects.

A 2024 amendment to the Petroleum (Exploration and Production) Policy 2012 lets upstream firms sell up to 35% of their pipeline-grade gas share to buyers licensed by the Oil and Gas Regulatory Authority (OGRA), chosen through a competitive process. The framework also widens private-sector involvement across processing, transport and supply infrastructure for gas.

The company's core work involves purifying, dehydrating and compressing low-pressure natural gas and flare gas for factories and commercial buyers. Its activities fall within gas processing, which the framework opens to greater private participation.