Pakistan Oil and Gas Industry Update Quarter 2 2012
$ 1 088
- February 2013
- by Business Monitor International
- 93
Includes 3 FREE quarterly updates
BMI View: Successive energy shortages in Pakistan have led the government to acknowledge that longterm
gas self-sufficiency has become impossible. Domestic consumption continues to rise rapidly, boosted
by the start-up of additional gas-fired power stations and continued use of Condensate Natural Gas cars. As
import volumes rise, LNG is set to become part of the energy mix. In the meantime, Pakistan will again
attempt to privatise more of its various state-controlled energy companies and stimulate investment in
domestic oil and gas production. While we do not believe it would render Pakistan gas self-sufficient over
the next 10 years, the recent start-up of shale gas exploration creates a large upside risk to our forecast.
The main trends and developments we highlight for Pakistan's Oil & Gas sector are:
- Energy minister Asim Hussein has acknowledged that the current situation in Pakistan requires policy
rationalisation. Several steps have been taken including a rise in regulated gas prices, a revamp of
licensing regulation to promote exploration and distribution of production in local markets, the offer of
60 onshore blocks in a licensing round, offshore and unconventional exploration, and development of
necessary import infrastructures.
- We expect gas reserves to fall until 2022 as consumption increases from 39bn cubic metres (bcm) in 2012
to 55bcm by the end of the forecast period. Production will not follow that trend. We see gas output
peaking at 40.1bcm in 2015 and falling afterward to slightly above 35bcm by 2021 as the Sui Gas Field,
the main producing field in Pakistan, reaches the end of its life.
BMI Industry View 7
SWOT 8
Industry Forecast . 9
Oil And Gas Reserves . 9
Table: Pakistan Proven Oil & Gas Reserves And Total Petroleum Data - Short-Term Forecasts, 2011-2016 . 9
Table: Pakistan Proven Oil & Gas Reserves And Total Petroleum Data - Long-Term Forecasts, 2017-2022 . 10
Oil Supply And Demand 11
Table: Pakistan Oil Production, Consumption And Net Exports - Historical Data And Forecasts, 2011-2016 11
Table: Pakistan Oil Production, Consumption And Net Exports - Long-Term Forecasts, 2017-2022 12
Gas Supply And Demand . 14
Table: Pakistan Gas Production, Consumption And Net Exports - Historical Data & Forecasts, 2011-2016 . 14
Table: Pakistan Gas Production, Consumption And Net Exports - Long-Term Forecasts, 2017-2022 . 15
Refining And Oil Products Trade 18
Table: Pakistan Refining Production And Consumption - Historical Data & Forecasts, 2011-2016 18
Table: Pakistan Refining Production And Consumption - Long-Term Forecasts, 2017-2022 18
Industry Risk Reward Ratings 20
Pakistan Risk/Reward Ratings 20
Regional Risk Reward Ratings . 21
Table: Table: Asia's Oil & Gas Risk/Rewards Ratings . 21
Upstream Hindrance 22
Crude Requirement . 23
Gasifying Asia 24
Table: Table: Asia O&G Upstream Risk/Reward Ratings 30
Table: Table: Asia O&G Downstream Risk/Reward Ratings 31
Market Overview 32
Pakistan Energy Market Overview 32
Overview/State Role 32
Table: Key Upstream Players 36
Table: Key Downstream Players . 37
Pakistan Oil & Gas Infrastructure 37
Oil Refineries 37
Table: Refineries In Pakistan 37
Oil Storage Facilities . 39
Oil Terminals/Ports 39
Oil Pipelines 39
LNG Terminals 39
Gas Storage Facilities 40
Gas Pipelines 40
Competitive Landscape . 45
Table: Key Players - Pakistan Oil & Gas Sector 46
Company Profile . 47
Oil and Gas Development Company (OGDCL) 47
Pakistan Petroleum (PPL) . 51
Pakistan State Oil (PSO) 54
Pakistan Oilfields 57
Shell Pakistan . 59
Other Companies - Summary 62
Regional Overview 67
Regional Energy Market Overview 67
Table: List of Selected LNG Liquefaction Terminals In Australia and PNG . 67
Global Industry Overview 73
Global Energy Market Overview - Q1 2013 73
Table: Global Oil Demand Forecasts - A Comparison . 76
Inflection point . 76
New Frontiers In Production 77
Appendix . 81
Asia - Regional Appendix 81
Table: Oil Consumption - Historical Data & Forecasts, 2010-2017 ('000b/d) 81
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 82
Table: Oil Production - Historical Data & Forecasts, 2010-2017 ('000b/d) 82
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) . 83
Table: Refining Capacity - Historical Data & Forecasts, 2010-2017 ('000b/d) 84
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) . 84
Table: Gas Production - Historical Data & Forecasts, 2010-2017 (bcm) 85
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) . 86
Table: Gas Consumption - Historical Data & Forecasts, 2010-2017 (bcm) 86
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 87
Table: LNG Exports - Historical Data & Forecasts, 2010-2017 (bcm) 87
Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm) 88
Glossary 89
Table: Glossary Of Terms 89
Methodology . 91
Energy Industry 92
Cross checks . 92
Sources 93
Gas Storage in Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 1991 To 2021
By Business Monitor International
Source: EIA/BMI
- Industries : Oil and Gas Energy
- Countries : Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 1990 To 2021
By Business Monitor International
Source: EIA/BMI
- Industries : Oil and Gas Energy
- Countries : Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 1990 To 2021
By Business Monitor International
Source: EIA/BMI
- Industries : Oil and Gas Energy
- Countries : Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 1990 To 2021
By Business Monitor International
Source: EIA/BMI
- Industries : Oil and Gas Energy
- Countries : Pakistan
Oil and Gas Energy in Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 1990 To 2021
By Business Monitor International
Source: BMI
- Industries : Oil and Gas Energy
- Countries : United States, Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 1995 To 2021
By Business Monitor International
Source: BMI
- Industries : Oil and Gas Energy
- Countries : Singapore, Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 1995 To 2021
By Business Monitor International
Source: BMI
- Industries : Oil and Gas Energy
- Countries : Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 2003 To 2021
By Business Monitor International
Source: BMI
- Industries : Oil and Gas Energy
- Countries : Pakistan
- $ 250
- Industry data
- February 2013
Yearly, From 1991 To 2021
By Business Monitor International
Source: BMI
- Industries : Oil and Gas Energy
- Countries : Singapore, Pakistan