A sharp squeeze in domestic gas availability and the surge in LNG prices that has pushed up the cost of gas-based power generation have prompted Pakistan to turn to oil for power, a trend that could result in robust fuel oil consumption in coming months, analysts told S&P Global Platts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The country’s struggle to source spot LNG cargoes from overseas at a time when global LNG prices have surged many-fold on the back of cold weather, as well as the inability to supply gas from domestic sources, have left the country with little option other than turning to oil. “While we do not believe […]