ISLAMABAD, Aug 19 (APP):Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar Wednesday said the country would start importing only Euro-5 standard petrol from September 1, aimed at providing quality fuel and tackling environmental issues. “Efficiency-wise, the Euro-5 petrol is far better than the existing Euro-II and will be available without any additional cost,” he said while sharing…
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ISLAMABAD: Experts see the Supreme Court’s decision in the gas infrastructure development cess (GIDC) case as a major breakthrough that will help kick off work on the stalled North-South Gas Pipeline by the public utilities. The pipeline will pump imported gas from south to north to feed Punjab industries and will send positive signals to the companies planning to set…
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Bangladesh’s LNG imports rose sharply on the year in July and were the highest for any month since the country started importing LNG in 2018. Receipts at Bangladesh’s two floating storage and regasification units (FSRUs) rose by 80pc to 497,300t last month from 275,900t in July 2019, judging by vessel size. Last month’s imports were the highest since the country…
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SINGAPORE: Asia will likely import record volumes of liquefied petroleum gas (LPG) in 2020 as firms snap up the fuel to make petrochemicals used in protective gear against the coronavirus, while households under lockdown ramped up purchases for cooking. The region will buy some 67-69.5 million tonnes of the gas from abroad this year, surpassing last year’s record, analysts from consultancy…
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ISLAMABAD: The government has initiated the process to recover Rs417 billion collected by various sectors of economy in the head of GIDC (Gas Infrastructure Development Cess) and to this effect Petroleum Division has asked the heads of gas companies, and public sector exploration and production companies to initiate the recovery process with immediate effect. Director Technical of Directorate General of…
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Sindh’s energy minister has claimed that the province’s residents are being systematically penalised with daily electricity load-shedding of up to 18 hours because they did not vote for the Pakistan Tehreek-e-Insaf (PTI) in the 2018 general elections. Addressing a news conference on Wednesday, Imtiaz Ahmad Shaikh lamented that daily power load-shedding of up to 12 hours has become a norm…
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Gwadar Pro on Tuesday quoted Hong as having said that many countries of BRI are among the world’s major energy producing and consuming countries. Meanwhile, they are developing countries, with the requirement to continue expanding its energy markets. Power shortages have been a major constraint on the entire Pakistani economy. Pakistan’s power gap is between 4 and 6 gigawatts. The…
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LAHORE:Speakers at Jang Economic Session have said that there should be one tariff policy across the country for all electricity consumers. They said distortions in rates should be eradicated and the issue of governance should be resolved in energy sector by creating a single department headed by one person who will be answerable and responsible for all energy matters including…
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Sitara-e-Imtiaz, the highest civilian award, has been announced for the team comprising officers from the military whose efforts made the country proud internationally and saved the nation from a penalty of $1.2 billion. As per details, Brig Rana Arfan Shakeel Ramay, Lt Col Farooq Shahbaz, and International Dispute Unit Head Ahmed Irfan Aslam worked hard in gathering information from Swiss,…
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The Narowal Energy Limited_ a wholly-owned subsidiary of The Hub Power Company Limited (Hubco) under the 2002 Power Policy and the Committee for Negotiations with Independent Power Producers- constituted by the Federal Government has executed a Memorandum of Understanding (MoU). HUBCO informed that under the terms of the MoU the ROE/ROEDC rate shall be changed from current 15pc in US$…
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