Tag Archives: Govt justifies buying expensive LNG to avert power tariff hike

ISLAMABAD: The government on Friday conceded purchasing expensive liquefied natural gas (LNG) from the spot market as ‘a lesser evil’, saying no body without a crystal ball could perfectly time or beat international commodity market. “Pakistan LNG Ltd (PLL) board was forced to accept the four LNG ‘spot’ tenders at $15 per mmBtu for September 2021; otherwise, the replacement fuel …

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