LNG Imports Help Pakistan Save Big: Press
Pakistan has been able to save $5bn over the last five year by substituting expensive oil with LNG, The News International reported January 8 citing government officials.
LNG has a 22% share in the country’s energy mix, while its share in Pakistan’s energy imports stands at 24%. The officials said that LNG has played a significant role in meeting the local gas demand amid declining domestic production.
Since 2015, Pakistan has imported over 19mn metric tons of LNG. It has two import terminals located at Port Qasim near Karachi. The south Asian nation started importing LNG in 2015 with the commissioning of the Exquisite FSRU. Pakistan commissioned its second FSRU in late 2017. In 2019, Pakistan imported 7.57mn mt of LNG, the newspaper reported.