Pakistan is one of the key emerging buyers in the LNG market today. While imports commenced with the completion of the first FSRU in March 2015, we forecast that Pakistan will be importing up to 6.7 mmtpa by 2023. The oversupply of LNG and low prices is helping Pakistan to resolve its prolonged domestic energy crisis. However, we forecast a slower growth post-2025 as affordability of LNG at higher prices is uncertain. The government is also exploring piped import options which could compete with LNG in the longer-term.