Pakistan could be one of the world’s largest LNG importers by the end of the decade. The government has plans for LNG imports – which started in March last year – to rise to 20 mtpa by 2020. This is the same volume China imported last year and which made it the world’s third-largest LNG importer after Japan and South Korea. This massive increase would not only help relieve Pakistan’s energy shortage, it would also represent significant LNG demand growth during a period when new liquefaction projects will continue to ramp up. However, for Pakistan to realise such a staggering rate of growth, obstacles to the offtake of LNG in the domestic market need to be overcome.
Gas accounts for around 50% of Pakistan’s energy market, and the country’s total gas demand last year was around 43 billion cubic metres. This represented growth of around 4% compared with 2014 and was fuelled by LNG imports. The country imported around 1.5 mt of LNG in 2015.
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