The latest Pakistan Oil & Gas Report from BMI forecasts that the country will account for 1.51% of Asia Pacific regional oil demand by 2015, while providing 0.73% of its supply. Regional oil use of 21.42mn barrels per day (b/d) in 2001 will reach an estimated 27.11mn b/d in 2010, then rises to around 30.64mn b/d by 2015. Regional oil production was around 8.35mn b/d in 2001, and will average an estimated 8.91mn b/d in 2010. It is set to decrease slightly to 8.89mn b/d by 2015. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001, the region was importing an average of 13.07mn b/d. This total will rise to an estimated 18.20mn b/d in 2010, and is forecast to reach 21.75mn b/d by 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 is expected to consume 489bn cubic metres (bcm) and demand of 633bcm is targeted for 2015. Production of a forecast 412bcm in 2010 should reach 548bcm in 2015, implying net imports rising from around 77bcm to 84bcm. This is thanks to many Asian gas producers being major exporters. Pakistan's share of gas consumption in 2010 is an estimated 7.78%, while its share of production is put at 9.22%. By 2015, its share of gas consumption is forecast to be 7.08%, with the country accounting for 7.66% of supply.