LAHORE: Ongoing impo­rts of Liqu­efied Natural Gas (LNG) are meeting up to 25 per cent of gas shortage, which currently hovers around 2.5 billion cubic feet per day.

According to an official at the Ministry of Petroleum and Natural Resources, Pakistan has saved approximately $1.7bn by importing LNG, which is cheaper than furnace oil.

“Pakistan has imported 6.1 million tonnes of LNG through the country’s only LNG terminal, which is located at Port Qasim. Operated by Engro, the terminal has handled 94 LNG cargo ships within 28 months and re-gasified approximat­ely 284.7bn cubic feet of gas into the national distribution network,” an official said.

Commissioned on March 28, 2015, the terminal has the capacity to re-gasify 600-630 million standard cubic feet per day. The terminal continues to receive a monthly average of six consignments. “Most of the imported LNG so far has been utilised to run gas-based independent power producers that were either sitting idle due to the unavailability of gas or burning diesel,” the official said.

Published in Dawn, August 1st, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...