After Bearing Brunt of Europe Energy Crisis, Pakistan Plans to Open Up Gas Access
- Nation currently limits supply to selected industries
- LNG trader expected to skip cargo shipment to Pakistan in Feb.
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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.