Pakistan Oil and Gas Report Q1 2015

Business Monitor International
December 10, 2014
145 Pages - SKU: BMI5405801
Countries covered: Pakistan

Pakistan Oil and Gas Report Q1 2015

BMI View: We believe Pakistan's oil and gas reserves will continue dwindling over the forecast period dueto excessive utilisation and lack of significant discoveries. However, several recent exploration successesand government's efforts to incentivise exploration and production pose an upside to our projections andcould mitigate the negative trend, especially towards the second half of our forecast period.

Key industry developments:

In August and October 2014, Pakistan-based Pakistan Petroleum (PPL) has made several gasdiscoveries in its Kinza X-1 and Sharf X-1 at Gambat South block in Sindh.

• Elengy Terminal Pakistan Limited a liquefied natural gas (LNG) re-gasification terminal at Port Qasimis expected to come online in February 2015. We believe the terminal will remain heavily underutilised in2015 and 2016, due to contract delays and financing constraints.



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