Pakistan: LNG import sees 123pc surge

The import of liquefied natural gas (LNG) has registered an increase of 123.30 percent during first four months of the current fiscal over the corresponding period of the fiscal 2017-18. According the data released by the Pakistan Bureau of Statistics (PBS), the import of petroleum group including petroleum products, petroleum crude, natural gas liquefied (LNG) and petroleum gas liquified increased by 16.82 percent during first four months of the fiscal 2018-19 over the same period of the previous fiscal. According the data the total import of Petroleum group was $ 5.18 billion during July to October 2018 against the import of $4.7 billion of the corresponding period of the previous fiscal. The import of petroleum products were decreased by 15.52 percent, during the first four months of the current financial year, from 6,117,362 Metric Tones worth $ 2.6 billion in the months of July to October of fiscal 2017-18 to 3,650,521 Metric Tones worth $ 2.2 billion in current fiscal. During the period under review, in term of cost the import of Petroleum Crude increased by 44.97 percent from $ 1.2 billion to $ 1.7 billion. However the quantity of imported crude was decreased by 11.13 percent from 3,569,051 Metric Tones , in July-October fiscal 2017-18, to 3,171,784 during same period of the current fiscal. The import of Natural Gas Liquified (LNG) was increased by 123.30 percent in the first four months of 2018-19 against the corresponding period of the last fiscal. The total import in the July-October period of the current fiscal was $ 1.2 billion against the import of $ 535 million during the same period of the previous fiscal. The import of Liquified Petroleum Gas was decreased by 13.45 percent during July to October period of the current fiscal from $ 97 million to $ 70 million.

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