LNG Import: Statistics and figures for last one year
Shares
ISLAMABAD, Aug 7 (APP): As many as 33 cargoes carrying around
103,864,259 mmbtu Liquefied Natural Gas (LNG) have arrived in
Pakistan since July 2015, official sources in the Ministry of
Petroleum and Natural Resources said.
"The LNG is being imported by the Pakistan State Oil under
competitive bidding and through short and long term contracts, while
more LNG terminals will be set to enhance Pakistan's LNG import
capability," they told APP.
Nowadays, they said, LNG was the essential part of the energy
mix needs of emerging economies, adding that the world was turning
towards LNG and emerging economies such as China, Korea, Japan,
India, Thailand, Indonesia, European Union, and Brazil to ensure LNG
remains part of its energy mix, they told APP.
They said Japan was importing 80 million tonnes of LNG every
year (MTPA) and India 15 MTPA due to the commodity's cheap price and
efficiency as compared to other fuels.
In 2015, they sources said, Pakistan signed a 15 year
agreement with Qatar to import up to 3.75 million tonnes of LNG a
year, which was being highly appreciated by the business community.
The country's total gas production is around 4bcfd (billion
cubic feet per day) against the demand of 8 bcfd, showing a demand-
supply gap of four bcfd.
Justifying the LNG import deal, they said in Pakistan natural
gas accounts for 35 percent of all power generation, 23.8 percent of
industrial use, 15.6 percent fertilizer, 5.4 percent CNG, and 18.1
percent of the household use.
The current gas shortfall is about four bcfd or 33, they said
and added that Pakistan's indigenous gas supply was expected to
deplete to 1,500 MMSCFD in 2030 (from 4,000 MMSCFD today) and the
demand supply gap is expected to reach 7,000 MMSCFD in the next 15
years as the existing gas reserves are depleting fast.
