Pakistan likely to face severe gas shortage amid winter season
Pakistan is likely to face harsh winter this year as International companies are showing no interest in selling liquefied natural gas (LNG) to South Asian country.
“Global companies are not bidding to supply LNG to Pakistan as Europe is buying LNG in bulk,” experts said.
According to sources, Pakistan wants to buy 72 cargoes of LNG but not a single bid has come in yet.
Pakistan LNG Limited had asked for bids of 72 LNG cargoes till 2028 in October this year.
On the other hand, the Sui Southern Gas Company (SSGC) has suspended gas supply to industries across the port city from November 15 (today) to ensure gas availability to residential customers.
“In adherence to the Ministry of Energy (Petroleum Division) gas load management plan, that places domestic and commercial customers on top of the priority list, it has been decided to suspend gas supply to all general industries from November 15 to February 28, 2023,” a statement issued by the gas company read.
The spokesperson of SSGC said that, “our first priority is to provide gas to domestic customers, but we hope the crisis will not be too severe.”
Reacting to Sui Southern’s decision, the member of Karachi Chamber of Commerce and Industry (KCCI), Zubair Motiwala, said that the gas supply suspension will seriously disrupt the industrial production.
“The industries are in a state of shock to receive SSGCL’s notices of gas closure starting from November 15, 2022, to February 28, 2023,” the Karachi Chamber of Commerce and Industry (KCCI) and seven other industrial town associations said in a joint statement.