Top Story January 26, 2021 KARACHI: The country lost Rs122 billion in last two years due to delayed on spot LNG purchase and production of expensive power through furnace oil inflicting a colossal sense of foreboding and frustration among the nation. This was said by Shahzeb Khanzada in his Monday’s episode of 'Aaj Shahzeb Khanzada Kay Sath.' Khanzada said due to the failure to contract LNG purchase through futures market, the people not only suffered acute shortages of the heating and cooking in the intense winter, the country on the other hand lost Rs35 billion due to spot purchases of LNG. Furthermore, a further loss of Rs50 billion was inflicted when expensive electricity was produced through furnace oil but the petroleum ministry failed to finalise a timely strategy. Had the LNG being contracted through futures market, none of this would have happened.