30% additional LNG procured at cheapest-ever price for January: Spokesperson.

ISLAMABAD -- Explaining the government's winter gas load-management strategy, a spokesperson for the Petroleum Division Saturday said around 30 percent additional supply of Liquefied Natural Gas (LNG) had been procured for the next month [January] as compared to the same period of 2018.

'Pakistan will be moving 30 percent more LNG molecules in this January compared to January 2018, at the cheapest ever price of $6.34 [per MMBTU]for a peak winter month,' the spokesperson said in a weekly press statement.

He said the government had arranged 12 LNG cargoes for January 2021. 'One cargo that was scheduled for 30th December, and was intended to supply for January 2021, has been moved a few days ago into January. In addition, the volume [gas supply] has been increased in certain cargoes.'

With these robust steps, the spokesperson said the load management plan approved by the federal cabinet for this winter, had remained undisturbed. However, the curtailment would be done primarily for the Compressed Natural...