E and P companies plan injecting 150 MMCFD additional gas in system.

ISLAMABAD -- The oil and gas Exploration and Production (E and P) companies have planned to inject around 150 Million Cubic Feet per Day (MMCFD) additional gas in the transmission network in the coming days from their different fields to meet the increased demand of the commodity during current winter.

'Additional local gas and increased import of Liquefied Natural Gas (LNG) will help tackle the high demand of the commodity in winter,' a senior official privy to petroleum sector developments told reporter.

He said around 30 percent additional supply of LNG had been procured for the next month as compared to the same period of 2018 at the cheapest ever price of $6.34 per (Million British Thermal Unit (MMBTU)

The official said the Pakistan Tehreek-i-Insaf (PTI) 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.

He also shared a comparative statement about purchase of LNG for a period from December-2017 to January-2021, which showed the government procured the commodity at the lowest rate for the current and next months.

He said the government procured 12 LNG cargoes each for the months of December-2020 and January-2021 at the average cost of $ 6.35 and $ 6.34...

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