LNG imports through PSO opposed
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The Pakistan Economy Watch (PEW) on Monday opposed import of Liquefied Natural Gas (LNG) through state-run oil retailer Pakistan State Oil (PSO) to tame energy crisis terming it against the national interests.
PSO has repeatedly failed to maintain supply chain of the fossil fuel resulting in crisis, the credit of ongoing petrol crisis also goes to the PSO among others, it said.
Private sector should be allowed to import petroleum products as well as LNG as PSO has no experience in the import of gas and red-tapesim will delay arrival of LNG which will compromise growth, said Sajid Ghulam, Vice President PEW.
A financially insolvent company like PSO cannot make spot payments to the LNG exporters as payment in LNG supply chain has to be very prompt from all ends – from suppliers right up to end-users – otherwise the supply chain will disrupt in short span of time.
