World News | Pakistan Stares at Energy Crisis for Third Successive Winter
Get latest articles and stories on World at LatestLY. Pakistan is on the verge of a massive shortage of gas and rationing due to depleting local gas reserves and the failure of the Imran Khan government to procure a sufficient quantity of Liquified Natural Gas (LNG).
Islamabad [Pakistan], October 25 (ANI): Pakistan is on the verge of a massive shortage of gas and rationing due to depleting local gas reserves and the failure of the Imran Khan government to procure a sufficient quantity of Liquified Natural Gas (LNG).
Pakistan's cost of energy production has increased following an increase in fuel prices. Almost two-thirds of the country's electricity generation is based on fossil fuels, as per The Tribune.
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The rise in crude oil prices have hit the highest in the last three years - USD 86 per barrel, the newspaper reported.
The energy crisis is worsening due to the rising cost of the LNG.
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It seems, this winter Pakistan is set to face its third successive winter energy crisis. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)