ISLAMABAD: Pakistan, which relies heavily on gas for its energy needs, remains vulnerable to declining domestic production and swings in global LNG prices amid the supply disruptions related to the US-Israeli war on Iran.
Facing criticism over loadshedding even before the beginning of summer, the power division has already placed an order with the petroleum division to arrange around 400 million cubic feet per day (mmcfd) of LNG for power generation, amid hopes for the opening of international supply routes.
A day earlier, it had also emerged that Pakistan and Qatar were in an advanced stage of discussions for the supply of at least four LNG cargoes, which could pass through the Strait of Hormuz within a couple of days.
Qatar had declared force majeure early last month on all its global LNG contracts, including those with Pakistan.
