
What is beyond comprehension is Pakistan’s continued persistence on completing the project when sanctions are nowhere close to being lifted and there is the prospect of a heavy $3-million-per-day penalty also being imposed. Our economic managers’ perseverance surprises many. All this only begins to make sense when we take a look at the power crisis that we face. Not much work is left before the second phase of the work on the IP gas pipeline project is completed, but lifting of sanctions is still needed. Given that the country faces an acute gas shortage, Pakistan’s hopes for the completion of the pipeline can be forgiven. However, in all this time, another solution could have been worked on. It is only now that the government is looking to import LNG, which would need to be processed before being distributed. This would address some of the pressing need for gas in the country. However, in the absence of the IP project becoming functional, such a measure might not be enough to extract us out of the energy crisis we face.
Published in The Express Tribune, November 19th, 2014.
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