Over the last five years, substitution of oil imports with LNG saved Pakistan $5 billion
All the sectors, particularly the industrial sector, was affected the most due to energy crises before the LNG import.
According to sources, Liquefied natural gas consist of 22% in Pakistan’s energy mix.
The price of LNG is equivalent to international crude oil, but its energy generation is economical as compared to the oil.
Over the last five years, the substitution of the expensive oil imports with the liquefied natural gas (LNG) has saved Pakistan worth $5 billion.
According to sources, LNG consist of 22% in Pakistan’s energy mix. Meanwhile, its share in the country’s energy imports stands at 24%.
However, the price of LNG is equivalent to international crude oil, but its energy generation is economical as compared to the oil.
|2018||6.74 million tons|
|2019||7.57 million tons|
|Overall in the last 5 years||19 million tons|
|2018||345.6 billion cubic feet/day|
|2019||393.6 billion cubic feet/day|
Oil & Gas regulatory Authority (OGRA) Statistics
|Fiscal Year||Gas-supply demand gap/projected gap|
|2017/18||1.4 billion cubic feet/day|
|2018/19||3.7 billion cubic feet/day|
|2022/23||4.6 billion cubic feet/day|
|2027/28||6.7 billion cubic feet/day|
Average domestic price of RLNG in 2019
|Furnace oil||$11.1/mmBtu, $12.6/mmBtu|
|High speed diesel||$20.2/mmBtu|
What are your views on this? Share in the comments bar below.