December 20, 2021
1 min read

Another blow to crisis-ridden Pakistan

The non-availability of term cargo on January 10 will further worsen the ongoing gas crisis in the country as the LNG trading company, has intimated authorities that it will not be able to maintain deliveries…reports Asian Lite News

GUNVOR, a Singapore-based LNG trading company, has intimated Pakistani authorities that it will not be able to deliver its term LNG cargo which is due on January 10, 2022 by claiming the force majeure, The News reported.

However, it has not yet informed Pakistan LNG Limited as to when this term cargo will be provided.

The non-availability of term cargo on January 10 will further worsen the ongoing gas crisis in the country.

From December 15, the government has already cut gas supply to the export sector in Punjab apart from shutting down the non- export industry and CNG sector.

Pic credits IANS

So much so, the domestic consumers are also facing massive shortages across the country even at breakfast, lunch and dinner times and people are forced to purchase food, roti, naan and even tea from hotels at higher prices.

Technically it will be a second default by GUNVOR in a row in the current winter season 2021-22, as it earlier defaulted from the provision of the term cargo on November 19-20.

The Italian company ENI also defaulted on November 26-27 from the delivery of its term cargo.

ENI had earlier backed out of its term LNG cargo in August.

ALSO READ: OIC Snubs Pak Plot To Let Taliban Access Aid Funds

Previous Story

Ifrah Khan, IIT-JEE 3rd rank holder, scales heights in hijab

Next Story

Chile Turns Left

Latest from -Top News

Protests across US against Trump

The largest event was at the National Mall in DC, where demonstrators numbered in the tens of thousands People across the US took to the streets on Saturday to oppose what left-leaning

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that

Africa CDC calls for self-reliance

Data from the African Union’s specialised healthcare agency show that the continent, over the past 24 months, has witnessed an “unprecedented surge in public health emergencies,” rising from 152 disease outbreaks in

US to revoke all South Sudan visas

Trump’s administration has taken aggressive measures to ramp up immigration enforcement, including the repatriation of people deemed to be in the US illegallyThe US said on Saturday it would revoke all visas

Panama wants ‘respectful’ ties with US

The US State Department said Landau had “expressed gratitude for Panama’s cooperation in halting illegal immigration and working with the US to secure a nearly 98% decrease in illegal immigration Panama hopes
Go toTop

Don't Miss

Bring Imran Khan in ambulance if he can’t walk: Pak court

Imran Khan had been on bail on medical grounds in

Pakistan Break India WC Jinx

Both Rizwan (79) and Babar (68) not only hit timely