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Project Insights

New discovery could disrupt Pakistan’s LNG plans

The discovery of a large oil and gas field offshore Pakistan could reduce the country’s LNG demand over the medium-to-long term The discovery of a large oil and gas field offshore Pakistan could reduce the country’s LNG demand over the medium-to-long term.
By Andrew Walker 4 April 2019 Asia Pacific / Exploration & Production 0 34105
The Saipem 12000 drillship in a shipyard. (John Konrad)

The key issue: Pakistan’s prime minister has hinted at an offshore oil and gas discovery that could change the country’s energy outlook.

Interfax analysis: The discovery of oil and gas offshore Pakistan could cut the country’s demand for LNG over the medium term, reducing investor interest in LNG import projects.

Pakistani Prime Minister Imran Khan has hinted that a consortium of ExxonMobil, Eni, Pakistan’s Oil and Gas Development Co. and Pakistan Petroleum Ltd. have made a large oil and gas discovery from their offshore exploratory well...