Shale Oil and Gas Development - A Bailout Package for Pakistan's Energy Crisis
Article from: OGEL 3 (2014), in Unconventional Oil and Gas
Abstract
Pakistan is currently meeting almost 80% of its energy demand in terms of consuming its primary energy resources, i.e., oil and gas. The country is importing crude oil to meet its energy demand, which has resulted in an import bill of US $ 15.2 billion in the year 2012.Notwithstanding the current gas shortfall of around 2.5 Bcf per day, the only ray of hope in the current dire circumstances is the country's unconventional shale oil and gas resource potential which if exploited timely and properly would start yielding its results within next 7-8 years. A strong investment policy ...