The closure of the Strait of Hormuz has begun impacting Pakistan, with 22 LNG cargoes expected by May reportedly halted, raising concerns over supply disruptions and a potential gas crisis in the country.
According to sources, the disruption in LNG imports could affect gas availability, while also increasing the likelihood of significant gas price hikes, adding further financial pressure on consumers.
Reports suggest that the suspension of imported LNG may lead to a revenue shortfall in the gas sector, prompting authorities to consider increasing gas prices to meet financial targets.
Sources added that the total revenue target for Sui gas companies this year exceeds Rs852 billion, with Sui Northern’s target set at Rs515 billion and Sui Southern’s at Rs347 billion, both of which may be impacted by the current situation.
