According to a Friday Bloomberg article, Pakistan’s electricity problem is getting worse since it can’t come to a natural gas supply arrangement for next month.
In July, Pakistan LNG Ltd. withdrew a tender for the acquisition of liquefied natural gas shipments after receiving an offer for the most expensive shipment ever delivered to the nation, according to brokers with knowledge of the matter.
For the third time this month, Pakistan has not finished a July LNG tender. At a time when more people are using air conditioning, which uses more power, the nation’s inability to buy fuel threatens to make the electricity shortages worse.
Zakaria Ali Shah, a spokesman for Pakistan’s energy ministry, responded to inquiries regarding the LNG tenders by saying, “We are pursuing an alternative strategy.” He claimed that Pakistan is not now experiencing a petroleum scarcity. The country can divert resources in an emergency to high-priority industries like power generators.
The Pakistani government is making an effort to enhance energy conservation. Public employees’ hours have been slashed, while companies and retail centres in Karachi and other cities have been told to close early. Shehbaz Sharif, the prime minister, promised to take extra steps on Thursday to put a stop to power disruptions.