Conventional gas reserves are estimated at 20 trillion cubic feet (tcf), or 560 billion cubic meters, and shale gas reserves, which are untouched, at more than 100 tcf. Gas demand was estimated at 6.9 billion cubic feet per day for 2017/18, according to Pakistan’s Oil & Gas Regulatory Authority, nearly 3 billion cubic feet more than daily output. To help plug the deficit, Pakistan has built two liquefied natural gas (LNG) import terminals, and demand is expected to hit 6.97 billion cubic feet a day for 2018/19, and 7.06 billion cubic feet a day in 2019/20. Babar said Pakistan was also drafting its first shale gas policy and it should be finished this year, with a licensing round in the first half of 2020. One recent study by the U.S. Agency for International Development (USAID) put Pakistan’s shale gas reserves at more than 100 tcf in the Lower Indus Region alone, enough to meet current demand for at least a few decades.

Source: Pakistan Today March 12, 2019 04:07 UTC