KARACHI: The government plans to procure 25 to 26 LNG cargoes from November to February to meet increased gas demand during the upcoming winter season, according to sources.
The cargoes are expected to be sourced through long-term arrangements with Qatar and other friendly countries, as well as from the spot market. The government plans to keep spot LNG prices in the range of $26 to $27 per MMBtu.
Authorities have also decided to amend the regulatory framework for LNG terminals to improve the utilization of available capacity. Under the proposed changes, private power producers may be allowed to independently import LNG, while third-party access could be introduced for vacant terminal capacity.
The Petroleum Division is preparing a summary of the proposed measures for consideration by the Cabinet Committee on Energy. Prime Minister Shehbaz Sharif has received an initial briefing on the proposed gas load management plan, while final approval will be sought from the federal cabinet.
During the previous winter season, Pakistan State Oil (PSO) and Pakistan LNG Limited imported 36 LNG cargoes to meet seasonal gas requirements.
