DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/352613/pakistan_oil_and_g) has announced the addition of the "Pakistan Oil and Gas Report Q4 2011" report to their offering.
The latest Pakistan Oil & Gas Report from BMI forecasts that the country will account for 1.47% of Asia Pacific regional oil demand by 2015, while providing 0.73% of supply. Regional oil use of 26.07mn barrels per day (b/d) in 2010 is forecast to rise to around 30.22mn b/d by 2015. Regional oil production was around 7.92mn b/d 2010. It is set to decrease to 7.88mn b/d by 2015. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2010, the region was importing an average 18.15mn b/d. This total rises to an estimated 22.34mn b/d in 2015.
The principal importers will be China, Japan, India and South Korea. By 2015 the only net exporter will be Malaysia. In terms of natural gas, in 2010 the region consumed around 513.3bn cubic metres (bcm) and demand of 664.9bcm is targeted for 2015. Production of 406.0bcm in 2010 should reach 556.7bcm in 2015, implying net imports falling from around 112.3bcm to 111.8bcm. Pakistan's share of gas consumption in 2015 is put at 6.74%, while its share of production is estimated at 7.55%.
Global GDP growth in 2011 is forecast at 3.2%, down from 4.3% in 2010. Growth in the eurozone should be marginally higher than 2010, while US and Chinese economic expansion will slow and Japan's growth will be negative, reflecting the devastating earthquake and tsunami in March 2011.
Companies Mentioned:
- Oil and Gas Development Company Ltd (OGDCL)
- Pakistan Petroleum Ltd (PPL)
- Pakistan State Oil (PSO)
- Pakistan Oilfields Ltd
- Shell Pakistan
- BP
- Petroleum Exploration Ltd (PEL)
- Mari Gas Company
- Chevron
- Eni
- Premier Oil
- National Refinery Ltd
- Pakistan Refinery Ltd
- OMV
- MOL
For more information visit http://www.researchandmarkets.com/research/352613/pakistan_oil_and_g