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Pakistan Development Forum Islamabad: November 15, 2010
Oil and Gas Sector Reforms
Syed Naveed QamarMi i t f P t l & N t l RMinister for Petroleum & Natural Resources
Government of Pakistan
Energy Mix
63 Million TOE
Oil 32%
LPG 1%
Gas 48%
Nuclear 1%
Coal 7%
Hydro 11%
Oil Import Bill: $10 billion
Oil and Gas ShortfallYear Oil
(bpd)Gas
(bcfd)(bpd) (bcfd)
2010 350 000 22010 350,000 2
2015 550,000 4
2020 700,000 6,
Oil and Gas Sector HighlightsInvestor friendly Exploration Policy introduced 2009
Independent Regulator for oil and gas – OGRAIndependent Regulator for oil and gas – OGRA
27 E&P companies, 137 blocks, success ratio 1:3.3
68% electricity generation from oil and gas
100,000 km natural gas transmission and distribution network
Gas consumers increasing at 7% per yearGas consumers increasing at 7% per year
Crude oil local production only 15% of demand
5 refineries, 12 OMCs
Proven ReservesOil
(million barrels)
Gas (trillion cubic
feet)
Coal (million tonnes)barrels) feet) tonnes)
Discovered 965 54 15,000Produced 659 26 200Remaining 306 28 14,800
Annual Production
24 1.5 3.5
Reserves to Production
13 19 4200
(R/P) Ratio
Gas Shortfall Mitigation
10
8
4
6
Bcf
d
2
4
Existing Gas Fields
0
0 1 2 3 4 5 6 7 8 9 0
Existing Gas Fields
6
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Gas Import Pipeline ProjectsTAPI HIGHLIGHTS
Gas Source in Turkmenistan South Yolotan / Osman Length: Turkmen to Indian Border 1,680 km
Total Gas Volume 3.20 bcfd
Gas Volume for Pakistan 1.35 bcfd
First Gas Flow 2015
IP HIGHLIGHTS
Pakistan Pipeline Segment 785 km
Gas Volume 0.75 bcfd
First Gas Flow 2014
Exploration for New Resources
• 39 exploration licenses granted in 2009-10• 39 exploration licenses granted in 2009-10
• New bidding round to be done jointly with Provincial G tGovernments
• Policies for non-conventional gas resources:Tight Gas (est. 4 tcf)Shale Gas (est. 10 tcf)Low Btu Gas (est. 4 tcf)Low Btu Gas (est. 4 tcf)Stranded Gas through virtual pipeline (est. 0.5 tcf)
Gas Sector Reforms
• No government subsidies on natural gas• No government subsidies on natural gas
• LPG being introduced as formal auto fuel
• LPG-Air mix being used as town gas as an alternate to natural gas in towns and villages
• Syngas to be used as natural gas substitute
• Gas line losses to be controlled through capital investment in transmission and distribution systems
Oil Sector Reforms
• Governmental and cross-subsidies on oil products removed
• Pricing, import and movement of oil products deregulated
• Barriers to new oil marketing companies minimized
• New incentives for establishing oil storages
• Product storage increased to 53 days coverg y
• Ethanol (E10) introduced as motor fuel
Coal Sector Reforms
• Coal is a Provincial subject
• Huge deposits of lignite coal discovered in Sindh at Thar
• Several private companies interested in coal mining and power generation
• Coal bed methane potential estimated as 2 tcf
• Pilot project for coal gasification in hand
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