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Finance Division terms ‘The News’ story about purchasing gas cargoes misleading

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ISLAMABAD, Pakistan: The Finance Division has clarified that the news item published in Daily ‘The News’ titled “Govt couldn’t purchase gas Cargoes in time, admits Tarin” is completely misleading and out of the context.

In a statement on Wednesday, the Finance Division said that when anchor (Nadeem Malik) asked about the gas shortfall situation in the Country, the Adviser on Finance Shaukat Tarin said the reasons including the ongoing global LNG shortages which have created fiasco, and it was not in control of anybody.

The government has been buying the gas as required despite higher international prices.

However, Shaukat Tarin has mentioned there was one tender scrapped in July but this has nothing to do with winter gas.

The division said that the adviser finance has not mentioned at any point that winter gas shortfalls are due to non-procurement of liquefied natural gas (LNG) on time.

It is also clarified that very little LNG is diverted to domestic gas consumers because of high price differential and the gas shortages in winter which we face every year due to depletion of our local gas fields.

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