Government may overcome gas crisis but mismanagement in LNG imports will trigger another debt crisis in coming months. PHOTO: FILEThe liquefied natural gas (LNG) business has been marred by mismanagement, which has led to consumers being fleeced out of millions of rupees. Interestingly, only one trading company has provided five LNG cargoes from October to November 2020 and no other company seems to be making supplies. Pakistan LNG Limited (PLL) had already consumed one LNG cargo in December 2018 that was scheduled to be delivered in December 2020. Moreover, PLL, Pakistan LNG Terminals Limited (PLTL) and Sui Northern Gas Pipelines Limited (SNGPL) have no exposure to LNG business.

Source: The Express Tribune November 11, 2020 03:11 UTC