LAHORE - Punjab Governor Salman Taseer hosted a luncheon in the honour of Federal Advisor on Petroleum and Natural Resources, Dr Asim Hussain at Governors House here on Tuesday. Prominent industrialists, representatives of traders organisations, senior officers associated with petroleum sector, President Pakistan Peoples Party Punjab Rana Aftab, Senior Provincial Minister Raja Riaz Ahmed, Provincial Ministers, PPP leaders as well as people representing various walks of life were present on the occasion. The advisor apprised the industrialists of the existing energy crisis in the country. He said that Pakistans annual gas requirements are more than 8 BCF while its national production is 3.9 BCF, therefore, there is a short fall of 60 per cent gas in the country. Therefore, he said, arrangements would have to be made for energy security for next ten years in Pakistan as our energy requirements are growing at the rate of 15 per cent per year. He further said that there is no management problem resulting in shortage of natural gas in Pakistan. He said that in the past, it was believed that Pakistan had unlimited resources of natural gas but it was not so. He said that if arrangements were not made for conservation, Pakistans gas reserves would exhaust in next 40 years. He said that as a short term measure, rationing of natural gas would have to be adopted for the domestic consumers whose per month gas bill exceeds Rs 10,000 as they can afford LPG cylinder. He said that government is already supplying natural gas to hundreds of thousands of poor domestic consumers at even less than the cost of supply and this process will continue to the consumers with limited consumption. He said that there is a need for exploration of further energy reserves in the country for which investment of 12 billion dollars to 15 billion dollars is required during the next five years.