ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 12th Jan, 2020) Crescent Petroleum has outlined a range of efforts aimed at ensuring a sustainable future for company and the region in the decades ahead. Majid Jafar, Crescent Petroleum’s CEO, announced the company’s sustainability efforts during the opening panel of the Atlantic Council Global Energy Forum. The panel, titled “Setting the 2020 Energy Agenda”,…
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Lately, there is a rift between Federal and Sindh governments on natural gas supply and pricing. The Centre’s desire is to have weighted average gas price formula of natural gas in Sindh by inclusion of RLNG in supply, whereas the Sindh government is asking for the constitutional right to use the domestic gas produced within the province. The problem is…
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This isn’t a revolution. It’s an evolution, and while that may lack the shock and awe of something like the shale boom, its long-term impact is extreme. This is the world of renewable energy, and three decades of progress shows a clear and undeniable pattern. close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:05Fullscreen It’s hard to believe that we’ve been using solar and wind…
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The Petroleum Division has floated an international tender for the auction of 18 new blocks aimed at expediting oil and gas exploration activities to meet the country’s energy needs in an efficient manner, an official of the Petroleum Division said. According to the Petroleum Division there has been a 7 percent decline in domestic gas production and 5 percent growth…
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We can whine all day about the market but to be honest the liquid petroleum gas business is very lucrative, an LPG agency owner told SAMAA Digital. The Oil and Gas Regulatory Authority (Ogra) has hiked the price of LPG across Pakistan by over 18% for January. According to an official notification, the price of LPG for consumers is Rs1,791.48 for…
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K-Electric (KE) has launched a Fuel Cost Adjustment (FCA) calculator on its website (https://www.ke.com.pk/fcacalculator/), which will allow consumers to calculate the impact on their monthly bill based on their monthly consumption. The pending FCA as determined by the National Electric Power Regulatory Authority (Nepra) would be applied from January 2020 onwards, spread over 9 months, based on the notification issued…
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This is apropos a story carried by Business Recorder on January 9, 2020 with the headline that ‘1 US$ will be equal to Rs 172 by year’s end’. According to Nepra, the headline apparently indicate that the regulator i.e., Nepra said that dollar will be equal to Rs 172 by December 2020 which is not the case. A press issued by Nepra…
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Federal Secretary Power Division Irfan Ali has said that the government has generated Rs 229 billion additional revenue from electricity distribution companies (DISCOs) from October 2018 to October 2019. While briefing the subcommittee of the Public Accounts Committee, which met here under the chairmanship of Senator Shibli Faraz, Irfan Ali said that as a result of improvement in recovery mechanism,…
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The Lahore Electric Supply Company (LESCO) has suffered a loss of Rs 13.5 million for offering concessions in commercial bills of electricity, said sources. They said the officials in McLeod Road division exceeded to their powers by offering electricity on concession rates to commercial consumers in between the months of July to October and causes millions of rupees loss to…
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ISLAMABAD: The federal government on Friday reiterated that people of Pakistan — not any particular province — have the first right of use over natural gas as they are its ultimate owners. In a written rejoinder to the Sindh chief minister’s assertions that the province was being deprived of its due share of gas, the ministry of energy (petroleum division)…
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