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.

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  • 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.

LNG

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.

LNG Statistics

Year  Imported
2018 6.74 million tons
2019 7.57 million tons
Overall in the last 5 years 19 million tons

 

Gas Pumped

Year Gas Pumped
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
LPG $19.8/mmBtu
High speed diesel $20.2/mmBtu
Petrol $20.4/mmBtu

 

All the sectors, particularly the industrial sector, was affected the most due to energy crises before the LNG import. These crises cost the country, around 2% points of GDP growth.


Also See:

US Energy Giant ExxonMobil To Help Build LNG Terminal In Pakistan

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