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SOUTH ASIA

The bulk of oil production in South Asia comes from offshore India, an area which has seen considerable investment since 1999. This has briefly increased output but growth is expected to be short-lived.

Slight increases in onshore oil production are forecast over the short term also from India.

Gas production is more evenly spread and output is expected to be maintained or increased both offshore and onshore in all producing countries.

South Asia is seeing exceptional economic growth and oil consumption is increasing as a result, although high prices after 2012 are expected to curtail such growth. Gas consumption is also increasing, as new fields are developed in many regions.

Increasing consumption combined with flat and declining oil production are forcing oil import needs rapidly higher.

There is no cross-border gas trade currently in the region but it appears likely that India may need to begin importing LNG after 2006, despite its large deep water gas resources, as well as using possible gas volumes from both Bangladesh and Pakistan.

• Afghanistan

• Bangladesh

• India

• Pakistan

Population

 1,335 million

Onshore area

(000's sq kms)

Offshore area

(000's sq kms)

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