International dealers refuse to supply gas to Pakistani government, all tactics including confiscation of collateral have become useless, government is ready for higher prices, suppliers are not ready.
Pakistan LNG Limited (PLL) had earlier announced to import two cargoes on 28th February last year for importing gas. Proposals were opened on 28th December 2020 and the results were announced in accordance with the Public Procurement Regulatory Authority (PPRA) rules.
Pakistan has been importing an average of 7.75 cargoes for the last four years for February. Now PS will import less cargo while PLL will import two cargoes. If gas is purchased in an emergency, it will have to be purchased at the current market rate.