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Gas crisis to continue in winter as no LNG deal yet: Abbasi

Gas crisis to continue in winter as no LNG deal yet: Abbasi

ISLAMABAD: The federal government has not yet finalise the LNG (Liquefied Natural Gas) deal with any country.

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said this while talking to media at Parliament House. He said that the country would not be able to purchase LNG in less than $14 per mmbtu owing to current market situation. However, he said the government would import the gas as per the announced schedule and negotiations with Qatar and Malaysia were underway.

The ministers said that in coming winters gas crisis would be at its peak. “We don’t have gas for winters the forecasted gas demand of Punjab only would be equal to the total production of natural gas in the country”, minister said.

The total natural gas production in the country has been around 4 billion cubic feet per day. With depletion this year production target has been reduced to 3.8 bcfd. In winters the demand of the population wise biggest province of the country increases many folds. The accumulative demand of domestic users, Industry and CNG even crosses the 4 bcfd figure.