Pakistan has ordered imports of fuel oil to halt as it targets oversupply and a major shift towards liquified natural gas (LNG). In its place, the country's ministry of petroleum has ordered domestic companies to focus on optimising their storage capacities and exporting surplus fuel supplies. Pakistan is aiming to raise its imports of LNG from 4.9 million metric tonnes (mt) in 2017 to just under 24 million mt a year by 2023. The government also plans to increase exports through liquefied natural gas terminals at Gwadar port and Karachi port.
Pakistan has ordered imports of fuel oil to halt as it targets oversupply and a major shift towards liquified natural gas (LNG). In its place, the country's ministry of petroleum has ordered domestic companies to focus on optimising their storage capacities and exporting surplus fuel supplies. Pakistan is aiming to raise its imports of LNG from 4.9 million metric tonnes (mt) in 2017 to just under 24 million mt a year by 2023. The country's refiners claim to have already reduced their throughputs by between 60% and 70% as a result of the changes.