Islamabad: (Right Now News) The closure of the Strait of Hormuz is affecting Pakistan, halting the arrival of 22 LNG cargos until May. This situation raises concerns about a potential gas crisis in the country.

The halt in LNG imports may lead to an increase in gas prices. The stoppage of imported LNG is likely to cause a revenue shortfall in the gas sector, posing a risk of significant price hikes.

Sources indicate that the revenue target for Sui gas companies this year exceeds 852 billion rupees. Sui Northern’s target is 515 billion, while Sui Southern’s target is 347 billion rupees. Over 40% of gas company revenue comes from fertilizers and the power sector.

A substantial increase in gas prices is expected due to the halt in imported LNG. Additional gas supply to the power sector has led to load shedding in the domestic sector.

It should be noted that the closure of the Strait of Hormuz is causing global energy supply disruptions, potentially affecting Pakistan’s energy needs.