Pakistan plans to open up access to liquefied natural gas imports to offset dwindling local production and meet surging demand.
A bill currently in parliament seeks to expand access to foreign supplies to users representing about 70% of winter demand, according to Energy Minister Hammad Azhar. The question remains whether price-sensitive buyers in the nation, one of the fastest-growing LNG importers, will be open to paying extra for the super-chilled fuel, especially after international prices rallied to records this winter.
“The current supplies are such that we can barely even meet our current customers,” Hammad Azhar, energy minister, said in an interview. “Gas is running low in Pakistan and we have to supplement it.”
