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Pakistan Plans to Sign a Long-Term LNG Deal to Ease Gas Shortage

  • Government will float tender for a 10 to 15 year contract
  • Fuel crunch is forcing Pakistan to resort to planned blackouts
Pakistan’s government has resorted to planned blackouts to conserve its dwindling supply of fuel.

Pakistan’s government has resorted to planned blackouts to conserve its dwindling supply of fuel.

Photographer: Asim Hafeez/Bloomberg
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Pakistan aims to sign a long-term liquefied natural gas purchase deal in a bid to secure future supply and ease crippling blackouts.

The South Asian nation intends to float a tender to purchase one LNG cargo per month for 10 to 15 years, said Shahid Khaqan Abbasi who is overseeing the energy sector for Prime Minister Shehbaz Sharif. The government is still deciding the timeline for when to issue the tender, which they will use to gauge the market response and pricing, Abbasi said in an interview.