By Cindy Chitela

LILONGWE-(MaraviPost)-President Lazarus Chakwera has abolished open tender system in procuring gas in a bid to finish the disaster.

Chakwera due to this fact has ordered the National Oil Company of Malawi (NOCMA) to make use of Government to Government standards as a method of guaranteeing sustainability of gas throughout the nation’s filling stations.

In his nationwide tackle at Kamuzu Palace in Lilongwe, the President mentioned the present depletion of foreign exchange reserves have affected the procurement of gas creating gas shortages.

“My administration has decided to begin the process of transitioning Malawi from the open tender system for procuring fuel to a Government to Government arrangements that will make our access to fuel more secure through better payment cycles,” he mentioned.

Chakwera has since introduced that he has instituted a committee tasked to course of the transitioning the gas procurement system.

The committee is chaired by Minister of Energy, Ibrahim Matola, others embody Minister of Trade, Industry, Finance, Justice, Foreign Affairs, Secretary to the President and Cabinet, Attorney General, in addition to MERA Chief Executive Officer.

The President has made a daring resolution to maneuver Malawi away from an Open Tender system of procuring and importing gas to a Government to Government association.

This is a sustainable method that may stabilize the importation buildings of the strategic commodity. Fuel queues can be historical past.

During the tackle, President Lazarus directed the ministry of finance to announce extra austerity measures within the midyear funds assertion to be offered this week.

Chakwera mentioned this can assist save foreign exchange, which is in restricted provide attributable to restricted exports.

Malawi has been grappling with gas shortages for the final six weeks.

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