Islamabad: Pakistani opposition has slammed the government led by Imran Khan over a massive loan, devaluation of rupees and an unprecedented energy crisis in this country.
The News International reported that Senator Sherry said that the Pakistani government continued to maintain a position that could not be maintained about the gas sector management errors and distribution in the country, but showed us there were no plans to overcome the crisis in front.
“No one answered the basic question why the government could not manage LNG purchases in the summer at 1/3 tariff.
The current gas price is also naturally related to the failure of LNG and its shortcomings.
At present, Pakistan.
Facing estimation of a lack of 2,200mmcfd while the price becomes Not affordable for people, “he said, reported Pakistan’s newspaper.
Senator Sherry noted that the Rupee had dropped to the low RS 176 against the USD.
The government does not seem to have a plan to overcome this crisis because it has taken an ad hoc approach that has led the electricity sector into a terrible paralysis.
“The government buys LNG cargo with a high price of $ 30.6 per million English thermal units (MMBTU) now when sold at $ 13 per mmbtu in the summer.
They don’t buy or order cargo when all other countries do it summer at a distant price Lower.
Even in October, they bought LNG cargo at a recording price of $ 20.29 per mmbtu, “he said.
Pakistan is on the threshold of gas deficiency and allotment due to thinning local gas reserves and the failure of the Imran Khan government to get enough LNG count.
On November 1, Energy Minister Hammad Azhar had told that the government had regulated 11 LNG cargo for November, The News International reported.
The LNG trading company has resigned from an agreement made with PLL to provide two cargoes for November for Mammoth Monetary Increase by 200 Percent of Profits in the International Spot Market, according to publication.
Pakistani energy production costs have increased after the increase in fuel prices.
At most two-thirds of the country’s electricity generation is based on fossil fuels, according to the tribune.
The increase in crude oil prices has reached the highest in the last three years – USD 86 per barrel, the newspaper reported.
The energy crisis deteriorated because of the increase in LNG costs.
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