Pakistan to sell excess gas in international markets from January 1: petroleum minister |
Petroleum Minister Ali Pervaiz Malik said on Sunday that Pakistan would begin selling excess liquefied natural gas (LNG) in international markets from January 1.
Malik’s statement during a press conference in Lahore came months after it was reported that Pakistan was exploring ways to sell excess LNG cargoes amid a gas supply glut that could cost domestic producers millions in annual losses.
He noted that Pakistan had been importing gas from “our friend” Qatar and Italian energy company Eni. But, he continued, there was an excess of this imported gas as the use of this fuel for power generation had reduced in the country during........