Pakistan to import LNG at $6.34 per mmbtu
Government plans to import 30% more fuel than Jan 2018 next month
Market sources were of the view that it was a good decision by the regulator as it would open new avenues of private invest-ment in the LNG sector. PHOTO: FILE
KARACHI:
In the wake of heavy criticism for losing a lifetime opportunity to import liquefied natural gas (LNG) at exceptionally low price, the government announced import of 30% more fuel during the peak winter month of January 2021 at the price of $6.34 per mmbtu - which it claims is the cheapest ever.
LNG has emerged as a lifeline for the nation particularly during winters when households utilise it to operate heater and geysers as the mercury drops to freezing temperatures in many parts of the country. With decline in production of fuel from the local fields and no major discovery being made during the past one decade, the country has resorted to imports.
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