Pakistan is preparing a winter gas supply plan that could involve procuring up to 26 LNG cargoes between November and February.
The government has decided on several measures to manage gas availability during the colder months. Meanwhile, officials are working on changes to the LNG import and terminal framework.
Under the plan, between 25 and 26 LNG cargoes could be procured for the winter season. The government expects to source these cargoes through different channels.
LNG Cargoes to Come From Multiple Sources
The planned LNG supplies could come through long-term agreements with Qatar, friendly countries and the spot market.
This approach would give the government several options for meeting winter gas requirements. At the same time, authorities are considering changes to the regulatory framework for LNG terminals.
The proposed measures could also affect how private companies access imported LNG. In particular, private power producers may receive permission to import LNG independently.
Government Considers Third-Party Terminal Access
Another proposal involves allowing third-party access to spare capacity at LNG terminals.
Under this arrangement, available terminal capacity could potentially be used by other parties. The government is considering the measure as part of its broader plan for managing LNG supplies.
Officials are also considering a price ceiling for spot LNG purchases. Sources said the government intends to cap spot LNG prices at between $26 and $27 per MMBtu.
Petroleum Division Prepares Cabinet Summary
The Petroleum Division is currently preparing a summary covering the proposed measures. The summary will be submitted to the Cabinet Committee on Energy for consideration.
The prime minister has already received a preliminary briefing on the proposed gas load management plan. However, the final measures will require approval from the Cabinet.
Therefore, the government’s winter gas strategy remains subject to the formal approval process. The proposed LNG procurement and regulatory changes are intended to support gas supplies during the winter period.
Pakistan Imported 36 LNG Cargoes Last Winter
Pakistan State Oil and Pakistan LNG Limited imported 36 LNG cargoes during the previous winter.
The government’s current plan calls for between 25 and 26 cargoes from November through February. These supplies are expected to form part of the measures for managing gas availability during the upcoming winter season.
Alongside LNG procurement, the government is also considering changes involving private imports, terminal capacity and spot-market pricing.
The final structure of the winter gas plan will depend on the Cabinet’s approval of the proposed measures.
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