Gas Load Shedding Schedule for Pakistan’s Winter 2023

Gas-load-shedding

Pakistan’s Caretaker Power Minister, Muhammad Ali, has announced that during the upcoming winter, gas supply will only be available for eight hours a day due to dwindling natural gas reserves in the country. Addressing a press conference in Islamabad, Minister Ali explained the situation, stating that gas load shedding has been a recurring issue over the past few years and will persist this year due to insufficient gas reserves to sustain 24-hour supply.

Similar to the previous year, the minister detailed that plans were underway to ensure a consistent gas supply of eight hours. He emphasized that natural gas reserves have declined by an alarming 18% compared to the previous year.

Minister Ali expressed optimism regarding the gas shortage for the industry in December, mentioning that two liquefied natural gas (LNG) cargoes have been finalized, which should alleviate some of the supply constraints.

Gas-load-shedding

Despite the challenges, the government is putting forth maximum effort to ensure the availability of gas for domestic, industrial, and fertilizer sectors during the upcoming winter. The minister acknowledged the limitations, including having only two LNG terminals and limited natural gas resources, but highlighted the government’s commitment to addressing the issue.

In addition to gas supply management, the government has initiated a crackdown on power theft. So far, an impressive Rs16 billion has been collected from electricity defaulters during this ongoing crackdown, and these efforts will continue.

The minister also revealed plans to change the board of directors (BoDs) of all power distribution companies (DISCOs). Furthermore, the management of DISCOs will be entrusted to the private sector on a long-term concession basis.

Gas-load-shedding

Additionally, it was reported that the Petroleum Division is finalizing a summary to increase gas tariffs, which will be presented in an Economic Coordination Committee (ECC) meeting for approval. Once ratified by the federal cabinet, the new gas prices will be notified, not from July 1, 2023, but from the date of cabinet approval.

Officials in the energy ministry indicated that the plan is to minimize the financial burden on the gas sector by considering an increase in gas prices even for protected residential consumers in the lower consumption slabs. These consumers could see an increase in their bills, ranging from Rs300 to less than Rs500 per MMBtu.

Ammara Ahmed

Ammara Ahmed

Leave a Reply

Your email address will not be published. Required fields are marked *