Minister for Energy Hammad Azhar on Friday said that currently two Liquefied Natural Gas (LNG) terminals are operating in the country to meet the ever-growing energy needs of consumers, hoping that the third facility would be functional by next year. In an interview with Bloomberg, the minister said Qatar, one of the top suppliers of LNG in the world market, was also looking to invest in establishing an import facility in Pakistan. “The government is looking into setting up its own import facility by converting a portion of a state-owned liquefied petroleum gas terminal,” he said. As LNG is more expensive than local gas, a detailed discussion on pricing would be needed, but increases won’t be “drastic,” the minister said. Hammad said Pakistan was also using its surplus electricity as an alternative to reduce the demand for gas.

Source: Pakistan Today February 04, 2022 16:59 UTC