Pakistan finds answer in oil as gas shortage hits power sector

A fisherman stands in his boat as a liquid natural gas tanker (LNG) passes the coast near Havana on June 28, 2009. (REUTERS/File)

January 21: S&P Global states that 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.

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