Global gas crisis in the making.

ISLAMABAD -- The Pakistan Economy Watch (PEW) on Thursday supported the decisions of the government to tackle gas shortages amid a global LNG crisis.

Record hike in the price of super-chilled fuel due to biting winter and other issues has prompted many global suppliers to default on their commitments and Pakistan is no exception, it said.

Following the refusal of two suppliers to provide LNG to Pakistan for February the government has sought urgent tenders for gas deliveries to fill the gap.

The government has suspended gas supply to inefficient captive power...