"Pakistan Oil & Gas Report Q3 2014" Published
Fast Market Research recommends "Pakistan Oil & Gas Report Q3 2014" from Business Monitor International, now available
[UKPRwire, Thu May 29 2014] BMI View: Gas shortages continue to loom in Pakistan as the country awaits the development of required import infrastructure. With struggling production, a limited potential for significant increases in gas production and a lack of import infrastructure, the country will most likely continue to experience severe gas shortages over the near-to-medium term.
Large expectations were originally placed on the March 2013 agreement with Iran on the development of the IP pipeline by 2015. This date is becoming increasingly unlikely, however, with the latest blow being China's reported pull-out in the face of potential US-led sanctions related to Iran. LNG could also become part of the energy mix with two planned fast-track regasification projects, which if constructed, could see first LNG imports in 2015 at the earliest. We believe that LNG imports and the IP pipeline could ease the risk of prolonged energy supply constraints in the long term. However, significant downside risks exist to the completion of these projects .
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The situation is particularly complicated with regards to Iran's global political standing, as sanctions on the country may prevent the timely delivery of badly needed supplies and expertise from Western MNCs . 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. 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, especially as the EIA now estimates the country could hold as much as 3 trn cubic metres in shale reserves. Similarly, exploration for shale oil could accelerate , as it is now thought that Pakistan sits on nearly 9bn barrels.
The main trends and developments we highlight for Pakistan's Oil & Gas sector are:
* The EIA's release of global technically recoverable resource estimates came as a positive...
The Pakistan Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Pakistan including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Pakistan Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Pakistani oil and gas industry.
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