Pakistan to Avoid Spot LNG Buys Despite Intense Summer Heat

14 Jun 2024 CW Team

Pakistan is expected to avoid purchasing spot liquefied natural gas (LNG) this summer despite facing intense heat. High spot market prices and the country's ongoing financial constraints have made such purchases economically unfeasible. Instead, Pakistan will rely on its long-term LNG contracts and alternative energy sources to meet its energy needs.

Global demand has driven up spot LNG prices, creating a significant financial burden for Pakistan, which is already dealing with a foreign exchange crisis. To manage its energy requirements, the country plans to maximize the utilization of existing long-term contracts and explore domestic energy options.

Officials have indicated that Pakistan will turn to alternative sources such as coal and oil to fill the energy gap. Additionally, the government is promoting energy conservation measures to reduce consumption during the peak summer months. These efforts aim to mitigate the impact of high temperatures on energy demand and maintain a stable supply.

Despite the expected heatwave, the government has reassured citizens that it has strategies in place to prevent severe energy shortages. Long-term LNG contracts are anticipated to provide some stability, although challenges remain. Analysts note that Pakistan's energy infrastructure requires significant investment to enhance resilience against such crises.

This situation highlights the broader issue of energy security in Pakistan and the need for a diversified energy portfolio and improved financial management. As summer progresses, the effectiveness of Pakistan?s energy strategies will be closely monitored, with hopes that they will successfully address the challenges posed by high temperatures and limited LNG availability.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..