To address the country’s ongoing electrical problem, the government is expected to acquire emergency liquefied natural gas (LNG) on the spot market.
An official source told the scribe that the government is working on a proposal to purchase two spot LNG cargos to restore the electricity supply from the RLNG-based power facilities. According to the source, the Ministry of Energy thinks that they would need Rs. 40 billion to purchase LNG on the spot market, and the Ministry has asked for funding from the Finance Division in this respect.
Four LNG-based power plants with a combined capacity of 1195 MW have been forced to shut down in the previous four months. Rousch 410 MW, Nandipur 525 MW, FKPCL 140 MW, and GTPS Faisalabad 120 MW are among the power plants that have shut down owing to a lack of re-gasified liquefied natural gas (RLNG).
The RLNG supply to these power units was shut off in December 2021, owing to a lack of RLNG supply. Due to high international pricing, the Pakistan Tehreek-e-Insaf government stopped buying spot LNG cargoes, and the contractual LNG was insufficient to meet the needs of all power plants.