Today: 1 June 2025
8 October 2021
1 min read

Gas crisis in Pakistan as LNG prices soar

Pakistan has already imported two cargoes of LNG from the spot market in September at the then record high price of slightly above $20 per mmbtu…reports Asian Lite News

A gas crisis is brewing in Pakistan as the spot price of liquefied natural gas (LNG) has shot up beyond affordable levels and touched an all-time high of $56.3 per million British thermal units (mmbtu) in the Asian market ahead of the winter season.

Pakistan has already imported two cargoes of LNG from the spot market in September at the then record high price of slightly above $20 per mmbtu, Express Tribune reported.

Pakistan has no control over LNG prices in Asia and global spot markets. It, however, may slash import of the fuel for the next couple of months to avoid the high price and adopt alternative solutions during winter, the report said.



“LNG price may remain elevated globally till December-January due to the winter season,” independent macro-economist Ammar H. Khan said.

Pakistan has been facing a gas crisis during winter season for the past three consecutive years and the spike in global LNG price suggests that the crisis will erupt for the fourth straight year under the Pakistan Tehreek-e-Insaf (PTI) government, the report said.

The consumption of gas rises in most parts of the country in the winter season as households turn on heaters and geysers after temperature falls below zero degree Celsius. Pakistan’s dependence on imported energy is on the rise due to low production of oil and gas from local fields.

People living in cold areas might use electric heaters and generators this winter after the government announced a reduction of Rs 5-7 per unit on the additional use of electricity compared to the same period last year, Khan said.

ALSO READ: Taliban Blame ‘Toxic Pakistan’ For Global Image


Previous Story

Covid testing, vaccination drop in Afghanistan: WHO

Next Story

Controversies mar Hameed’s tenure as Pak spy chief

Latest from -Top News

UAE aid for Gaza in global focus

Titled Hope Remains, the documentary brings to light the UAE’s leading role in providing vital aid and support to the people of Gaza. The International Humanitarian and Philanthropic Council has released a

Syria, Israel begin quiet talks

The announcement came just hours after Israeli warplanes reportedly carried out new airstrikes in Syria’s coastal provinces of Tartus and Latakia, hitting a range of military targets. Syria has confirmed the commencement

Gaza truce deal hits new snag

US says Hamas’ reply to the ceasefire plan was “totally unacceptable” and accused the Palestinian group of dragging the negotiations backward. The latest attempt to broker a ceasefire in Gaza has hit

IAEA flags Iran enrichment spike

The International Atomic Energy Agency (IAEA), in two separate but related reports, said Iran has boosted its uranium stockpile enriched up to 60% purity by nearly 50% since February. Iran has vehemently

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin
Go toTop

Don't Miss

Pakistan pins hopes on Saudi Arabia to avoid default

Twice in the past three months, Dar had said that

Bilawal stumbles over word “friend” while referring to India

Pak FM admitted New Delhi’s diplomatic success in preventing Islamabad’s