ISLAMABAD:

Was the launch of liquefied natural gas (LNG) imports by the Pakistan Muslim League-Nawaz (PML-N) government about a decade ago a blunder? This question arises when we look at the current situation.

Pakistan and Qatar have recently reached an understanding to divert 24 LNG cargoes, meant for Pakistan in 2026, to other destinations. The government claims it will save Rs1,000 billion.

The same stories had been heard in 2015 when the PML-N struck an LNG import deal with Qatar. It was claimed that the country would save $1 billion when compared with furnace oil imports for power generation.

At that time, the government was in a hurry and it even removed from office the managing director of Pakistan State Oil (PSO) for insisting on completing all legal formalities like back-to-ba

See Full Page