Gas Shortages.

The recent suspension of the provision of Liquefied Natural Gas (LNG) to major industries of Pakistan was prompted by foreign traders defaulting on contracts and supply commitments-owing to global gas shortages. With production under severe threat, long- and short-term contingency plans are needed immediately. The government must explore alternate avenues through which energy can be supplied to various sectors in a more sustainable manner.

Pakistan, through intense diplomatic efforts, has been working to retain gas suppliers so that market demands are met for as long as possible. However, industries face a potential long-term cutoff due to various companies like ENOC of UAE defaulting on their contracts. In fact, excessive buying by North Asia has also contributed towards a significant shortage of LNG for other countries. Consequently, prices have shot up exponentially-making matters worse. Surely, all this is bound to affect Pakistani companies adversely. The best...