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Pakistan Axes Gas Expansion Plans On High Prices

NATURAL GAS

Pakistan is not planning to build new gas-fired plants and LNG terminals in the coming years, as higher prices have weighed on the country’s ability to purchase LNG, Pakistan Energy Minister Khurram Dastgir Khan said.

  • "LNG is no longer part of the long-term plan," Dastgir Khan said.
  • Despite power demand increasing in 2022, Pakistan's annual LNG imports fell to the lowest levels in five years as European buyers pushed out price-sensitive consumers.
  • "We have some of the world's most efficient regasified LNG-based power plants. But we don't have the gas to run them," Dastgir added.
  • Earlier this year Pakistan has been in talks with Russia for LNG supplies but no deal has been concluded yet.
  • Instead, Pakistan plans to switch to coal-fired generation and increase domestic coal-fired capacities.
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