Pakistan's gas discoveries eliminate import need

This article is based on a FACTS advisory released in July 2001, which was updated this month exclusively for Oil & Gas Journal.Pakistan has substantial natural gas reserves and a current reserves-production (R/P) ratio of 31 years. The base-case scenario for natural gas consumption reveals that, with no new discoveries, these reserves can meet demand for the next 18 years. Furthermore, the country enjoys a respectable success rate for natural gas exploration, and with the right policies in place, domestic reserves can be developed to fulfill the incremental gas demand. The country's energy sector, particularly power generation, is heavily dependent on fuel oil. This dependence is see...

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