Pakistan is expected to experience a heightened gas crisis in February after Italy-based LNG trading company ENI said it would not be able to deliver LNG cargo.
A senior Energy Ministry official was quoted in the local newspaper ‘The News,’ “The gas def’c”t will increase as LNG imports will be reduced to 700 mmcfd; as per the GtG agreement with Qatar, there will be only five cargoes at Brent price 13.37% and two cargoes at Brent price 10.2% of Lrent Crude in February. . ENI will not have LNG cargoes in February for 12.14%. This will worsen the country’s gas crisis. “
The country rattled top o”ficials in the oil industry as the country is already facing a serious gas crisis. In addition, the crisis has hit private users in some major cities with little pressure.
Under its Gas Load Management Scheme, the government has committed to supplying private consumers with gas during the winter cooking period – three hours from This is not so.
Authorities say the impact of ENI with ENI will be reduced supply to the power industry, with 325 million mcfd expected to be unavailable next month. Dependence on fuel-based electricity will increase, and end users will get expensive electricity. The associated power plant will supply 50% natural gas and stop supplying natural gas to fertilizer plants, compressed natural gas (CNG) and local industry. The oil sector had previously claimed that ENI would not default from January 2023, but this was not the case.
When contacted, an ENI spokesperson also confirmed the development, saying: “The supply”disruption in February was beyond ENI’s reasons and control and was caused by a force majeure event. ENI does not benefit from this situation. “
According “to senior officials, ENI defaulted five times in 2022; it failed to deliver LNG cargoes in March, May, July, September and November.
