Pakistan to Buy 26 LNG Cargoes for Winter

As sources indicate, the administration aims to procure 25 to 26 LNG cargoes from November to February to meet higher gas demand during the upcoming winter season.

Key points

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• As sources indicate, during the previous winter season, Pakistan State Oil and Pakistan LNG Limited imported 36 LNG cargoes.
• The Petroleum Division is preparing a summary of the proposed measures for consideration by the Cabinet Committee on Energy.
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• While final approval will be sought from the federal cabinet, prime Minister Shehbaz Sharif has already received an initial briefing on the proposed gas load management plan.

As well as from the spot market, sources remarked, the cargoes will be procured through long-term arrangements with Qatar and friendly countries. The administration aims to keep spot LNG rates between $26 and $27 per MMBtu.

Notably, the administration has additionally decided to amend the regulatory framework for LNG terminals to improve the employ of available capacity. While third-party access could be provided to employ vacant capacity at LNG terminals, private power producers may be allowed to independently import LNG. Economy in Right Direction: Finance Minister.

Notably, the Petroleum Division is preparing a summary of the proposed measures for consideration by the Cabinet Committee on Energy.

Meanwhile, the proposed measures are aimed at ensuring adequate gas supplies during the winter months and making greater employ of existing LNG terminal capacity. Stay Connected with ProPakistani.

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In short, pakistan to Buy 26 LNG Cargoes for Winter is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.