Oil import bill rises 96% in current fiscal year – Latest News – The Nation

Percentage contribution of thermal energy, hydel power decreases in the national energy mix

Islamabad – The country’s oil import bill jumped 96% to $17.03 billion in the July-April fiscal year 2022, from $8.69 billion in the same period of the year last.

The percentage contribution of thermal power and hydropower has decreased in the national energy mix, while the contribution of nuclear and renewable energy has increased, said the Economic Survey of Pakistan 2021-22.

Total electricity generation capacity between July and April 2022 increased by 11.5% and reached 41,557 MW compared to 37,261 MW during the same period of the previous year.

Thermal’s percentage contribution decreased from 62.5% in fiscal year 2021 July-April to 60.9% in fiscal year 2022 July-April. Similarly, the percentage contribution of hydel in power generation also decreased from 27.8% in July-April FY2021 to 23.7pc during July-April FY2022. However, the percentage share of nuclear increased from 7.2% during July-April FY2021 to 12.35% during July-April FY2022. The contribution of renewables in power generation also increased from 2.4% during July-April for fiscal year 2021 to 3.02% for fiscal year 2022.

The percentage share of coal remained the same, although there was an increase in installed MW from 4,770 MW in July-April 2021 to 5,332 in July-April 2022. The percentage contribution of gas decreased by 12 .15pc in July-April 2021 to 8.5% in July-April 2022. Nuclear’s percentage contribution increased to 8.8% in July-April FY2022 from 6.68% in July-April FY2021. The share of wind increased from 3.31pc to 4.8pc while the percentage share of solar increased from 1.07pc in July-April FY2021 to 1.4pc in July-April FY2022.

Households’ share of electricity consumption decreased slightly from 49.1% in FY2021 to 47% in FY2022. Electricity consumption in the commercial sector also experienced a decline and stood at 7% in fiscal year 2022, compared to 7.4% in fiscal year 2021. However, industry’s share of electricity consumption fell from 26, 3% during July-April FY2021 to 28% during July-April FY2022. Electricity use in the agricultural sector increased slightly to 9% from 8.9%. The share of electricity consumption in other sectors, including public lighting, general services and other government traction, decreased to 8% from 8.3%.

The oil import bill increased by 95.9% to US$17.03 billion between July and April for fiscal year 2022, compared to US$8.69 billion in the corresponding period of the year last. A further breakdown showed that imports of petroleum products increased by 121.15% in value and 24.18% in quantity. In FY2022 July-April imports of petroleum products increased to US$8.55 billion in July-April of FY2022 from US$3.87 billion in July-April 2021 Crude oil imports increased by 75.1% in value and 1.4% in quantity during the period. in the study. Crude oil reached US$4.22 billion in July-April for fiscal year 2022 compared to US$2.41 billion for the same period of fiscal year 2021. During fiscal year 2022 July-March , total imported crude processed was one million metric tons, while local crude processed was 2.31 million metric tons. Likewise, the import of LNG increased by 39.86 pc during the 2022 financial year from July to April. It is important to note that the increase in LPG is largely triggered by the rise in value which stood at 82.90 pc.

Indigenous natural gas supply saw a decline of around 5% and its contribution was recorded at 33.1% in the country’s total primary energy supply mix.

Pakistan has an extensive gas network of over 13,513 km of transmission, 155,679 km of distribution and 41,231 km of pipelines to meet the needs of millions of consumers. The number of consumers increased from 10.3 million to more than 10.7 million across the country.

Average natural gas consumption has increased from 3,723 MMCFD to approximately 3,565 MMCFD in fiscal year 2022 from July to March. This also includes a volume of 863 MMCFD of RLNG from July 2021 to March 2022.

From July 2021 to March 2022, the two gas utility companies (SNGPL and SSGCL) laid 67 km of gas transmission network, 3,244 km of main pipelines and 829 km of service pipelines and connected 108 villages/towns to the gas network.

In fiscal year 2022 from July to March, 259,212 additional gas connections, including 257,644 domestic, 1,473 commercial and 95 industrial, were provided across the country, compared to 304,573 additional gas connections provided during the same period of the previous year.

It is expected that gas will be supplied to approximately 736,060 new consumers (this target is subject to OGRA approval/review) in fiscal year 2023. The gas distribution companies have planned to invest 27 669 million rupees in transmission projects, 77,484 million rupees in distribution projects and 8,746 million rupees in other projects, bringing the total investment to 113,899 million rupees during the financial year 2022-23.

Natural gas consumption in the electricity sector increased from 610 MMCFD to 560 MMCFD. Gas usage in the domestic sector also fell to 907 MMCFD in the 2022 fiscal year from July to March, compared to 915 MMCFD in the same period last year. The commercial sector saw a decline in gas usage and consumption recorded at 62 MMCFD in the 2021-22 financial year from July to March. Previously, it was 65 MMCFD in the first nine months of the 2021-22 financial year. The use of gas (CNG) in the transport sector fell from 63 MMCFD to 49 MMCFD. Gas consumption in the fertilizer sector increased from 687 MMCFD to 684 MMCFD while consumption in general industry increased from 433 MMCFD to 439 MMCFD. However, total gas consumption was reduced to 2,702 MMCFD in FY 2022 from July to March, compared to 2,773 MMCFD in the same period of FY 2021.

PAEC plans to build another nuclear power plant at Chashma near Mianwali. This unit, named C-5, will replicate the design features of K-2 and K-3.

In fiscal year 2021, domestic coal production was approximately 9.3 million tons and approximately 18.9 million tons of coal were imported. In fiscal year 2022 from July to February, coal imports amounted to 12.21 million metric tons. Coal consumption in the cement industry and other industries decreased significantly from 37.6% in July to March for fiscal year 2021 to 24.1% for July to March in fiscal year 2022. coal consumption increased from 19.7% in July-March of FY2021 to 31.4% in July-March of FY2022. The electricity sector uses most of the coal and the share is increased to 44.5% in fiscal year 2022 from July to March, compared to 42.7% in the corresponding period last year.

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