Gas fire erupts at Korangi Creek, experts suspect gas reservoir

News Image

MG News | March 29, 2025 at 04:47 PM GMT+05:00

March 29, 2025 (MLN): A fire broke out in a gas line at Korangi Creek, leading experts to believe that it might have been caused by a shallow underground gas reservoir.

According to oil and gas specialists, the fire could be due to a small gas deposit present at a lesser depth.

Jamal Baqar, CEO of TPL RMC, stated that they had drilled up to a depth of 1,200 feet.

However, he confirmed that the soil testing conducted earlier did not indicate the presence of any gas deposits.

The CEO further emphasized that there was no prior report suggesting gas presence in the area.

Jamal Baqar clarified that the boring was conducted for water extraction purposes.

The incident has raised concerns, and further investigations are expected to determine the exact cause of the fire and the extent of the underground gas deposits.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 177,623.88
478.02M
-0.36%
-638.45
ALLSHR 107,472.27
954.45M
-0.34%
-365.17
KSE30 53,131.56
115.62M
-0.41%
-216.11
KMI30 250,814.93
150.64M
-0.28%
-695.43
KMIALLSHR 68,971.49
608.41M
-0.29%
-202.37
BKTi 50,769.48
23.80M
-0.58%
-295.25
OGTi 34,999.12
6.26M
-0.71%
-249.30
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,435.00 64,810.00
63,035.00
-1530.00
-2.36%
BRENT CRUDE 86.34 88.06
84.70
-2.02
-2.29%
RICHARDS BAY COAL MONTHLY 105.75 0.00
0.00
-1.55
-1.44%
ROTTERDAM COAL MONTHLY 120.00 0.00
0.00
0.25
0.21%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 81.01 82.43
79.80
-1.60
-1.94%
SUGAR #11 WORLD 14.53 14.70
14.53
-0.05
-0.34%

Chart of the Day


Latest News
July 28, 2026 at 03:05 PM GMT+05:00

Pakistan's marine bunkering push gains momentum at Gwadar


July 28, 2026 at 02:41 PM GMT+05:00

ITANZ FY26 profit jumps 69%


July 28, 2026 at 02:33 PM GMT+05:00

PSX to hold Rs150bn GoP Sukuk auction on Aug 4



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg