With a little over a month to go for peak shopping season during Ramadan, the head of Pakistan's retail industry body is shuttling between meetings, pressing officials to relax orders that forced malls to shut by 8.30 p.m. to save energy.
Pakistan and Bangladesh are heavily dependent on gas for power generation, but have had to slash their imports of LNG after prices rocketed on a surge in Europe's demand to replace Russian supplies following the Ukraine war.
Total power output fell well short of generation capacity and demand due to fuel shortages, analysts and government officials said, resulting in blackouts for hours every week in the second half of last year. Power production costs were 1.25% higher than they would have been had sufficient LNG been available during the year ended June 2022, Reuters calculations based on data in the energy ministry's annual report show.
"Summer is going to be difficult like most summers, because we walk this thin line between affordability and availability," Dastgir told Reuters in an interview.A similar trend could be expected in Bangladesh, where gas fuels more than two-thirds of electricity generation, said Raghav Mathur, an analyst at consultancy Wood Mackenzie.
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