Engineering Post Report
Pakistan is quite successfully overcoming energy crisis, which obviously has direct and indirect on all sectors of the national economy, through increase in power generation as well as in transmission capacity of the system.
Presently, Energy Sector is confronted with demand and supply gap, which needs to be filled up along with improvement I in energy –mix for its supply at lower cost.
In terms of energy-mix, Pakistan’s reliance on thermal which includes imported coal, local coal ,RLNG, natural gas in the overall energy-mix is on the decline over the last few years . Pakistan’s dependence on natural gas- the overall energy mix is on the decline and the reduction of its share in the energy mix can be attributed to declining natural gas reserves of the country as well as to the introduction of Liquified Natural Gas (LNG) since 2015. The share of renewable , on the other hand, has steadily increased over the years in terms of share percentage, however, in July-April 2020 it has declined as compared to the same period in 2019.
The shares of Hydro and Nuclear in energy –mix have also increased in FY 2020 as compared to FY 2019.
Such historical variability for each energy source in the energy-mix of the country has been used to formulate the Integrated Energy Plan. The Integrated Energy Plan will not only help in envisioning the energy demands and respective supply paths of the future but also to formulate evidence based long term policy options.
As regards Global and Regional Perspective, the official sources on being contacted said, energy systems around the world are going through rapid transitions that will bring important changes in the way we fuel our cars, heat our homes and power our industries.
These trends will have widespread implications for businesses, governments and individuals in the coming decades.
A competition is underway among coal, natural gas and renewable to provide economic power and heat to Asia’s fast-growing economies. Coal is the incumbent is most developing Asian countries. Renewable, led by China and India are the main competitors to coal in Asia’s power sector.
Developing countries in Asia account for over half of the global growth in generation from renewable. Demand for natural gas has also been growing fast as clean fuel of choice for industry.
An increase of over 70 per cent in Asia’s natural gas consumption comes from imports, largely from LNG, however, the competitiveness of this gas in price- sensitive markets remains a key uncertainty.
Regionally, primary energy demand is the Asia Pacific region is expected to grow by over 40 per cent by 2040, based on the International Energy Agency’s central scenario, accounting for two-thirds of the global growth, the sources added.
