One question that is in the mind of every Pakistani is that when will the energy crisis end in the country. Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has come up with a timeline saying that the energy crisis will end in the next six months. Mr. Abbasi said that the government is taking concrete steps to overcome the power shortfall.
Speaking at the inauguration of the rebranded Pakistan State Oil (PSO) outlet in Karachi, Abbasi said that the import of LNG will be doubled which will help in eradicating the power shortfall in just six months. The federal minister further said that they will continue to increase the import of LNG if the demand for electricity continues to increase.
According to Abbasi, the second LNG port will be operational in the next two months and will provide LNG up to 600 million cubic feet per day. The import terminal is at Bin Qasim where Engro already has its Elengy Terminal which imports 600 MMCFD from Qatar gas. Currently, the demand for LNG has increased up to 7 billion cubic feet per day (bcfd) while production stands at 4 bcfd and has been standing on this number for the last 15 years.
Another LNG import terminal is also being built at Port Qasim by Global Energy Infrastructure Limited, which is a Turkish company. The port terminal will provide LNG of 750 MMCFD and will be ready by next year. Khaqan Abbasi says that the plan of the government is to continue importing gas and eliminate the deficit by end of 2018.
The Federal Minister also highlighted the energy problem faced by the people of Karachi saying that no reduction has been done on the K-Electric’s quota of gas supply. He said that the power company is being provided the same amount of gas that was being provided in the past and the increase in load shedding is not due to reduction in gas supply.
Karachi, along with other cities in the country, has been experiencing prolonged power outages as there have been number of complaints regarding feeders tripping due to increase in demand. The government is currently working to add 10,000 MW of energy in the system by next year in order to put an end to load shedding while addition of 15,000 MW is also in the long term plan of the government.