Ministry refutes media report of no LNG purchase in time

November 24, 2021 (MLN): The finance division denied the media news item which says that Shaukat Tarin, Advisor to the Prime Minister on Finance and Revenue has admitted that government could not purchase LNG cargoes in time, said a clarification note issued by Finance Division today.

“The news is is completely misleading and out of the context”, it noted.

The notification further clarifies that the government has been buying the gas as required, despite higher international prices. However, he has mentioned there was one tender scrapped in July, but this has nothing to do with winter gas. Adviser Finance has not mentioned at any point that winter gas shortfalls are due to non-procurement of LNG on time.

When the anchor of the media house asked about the gas shortfall situation in the country, he stated the reasons including the ongoing global LNG shortages which have created fiasco, and it was not in control of anybody, it said.

It is also clarified that very little LNG is diverted to domestic gas consumers because of the high price differential and the gas shortages in winter which we face every year due to the depletion of our local gas fields.

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