Pakistan’s contribution was one of the few bright spots at the recently concluded virtual Climate Ambition Summit. Prime Minister Imran Khan announced that two major coal projects would be scrapped and declared the country will have no more “power based on coal” but instead build more hydropower. However, it became quickly apparent Khan’s statement will not affect the over 7,000…
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In early December 2020, ACPL concluded a multi-party agreement with PROTECH (as EPC contractor for the project), LONGi (as module supplier) and TBEA (as inverter supplier) along with Attock Energy (Private) Limited as lead consultant for erection, procurement and commissioning of the solar project. The project will be set up in Balochistan and is scheduled to commence operations in the…
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ISLAMABAD: A brief hiatus in oil smuggling due to the closure for a few days of the Pak-Iran border during the early days of the Covid-19 pandemic, badly affected the entire supply chain of petroleum products in Pakistan. The findings of an inquiry commission on the shortage of petroleum products states that the smuggling of Iranian oil is a reality.…
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ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar has said that Pakistan would auction 20 new oil and gas exploration blocks during the next month as part of its strategy to achieve self-reliance in the energy sector. “Bids for the auction are expected to be held by mid-January to encourage exploration activities in the country,” he…
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SINGAPORE: Surging spot prices for liquefied natural gas (LNG) are exacerbating a gas supply crunch in key fast-growing emerging markets in Asia just as a cold spell in other parts of the region boosts demand for the fuel. Companies from Pakistan to China have cancelled a flurry of LNG tenders this week, several trade sources said, as lofty prices risk…
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ISLAMABAD: Prime Minister Imran Khan has finally given the go-ahead to increase electricity prices aimed at fulfilling a major condition of the International Monetary Fund (IMF) for the revival of $6 billion programme that remained suspended for the last 10 months. The electricity prices could go up by 25% or Rs3.34 per unit on account of annual base tariff increase…
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LAHORE: Gwadar GasPort Limited (GGPL), a joint venture formed by the Pakistan GasPort Ltd, Al-Qasim Gas and Jamshoro Joint Venture Ltd entered into an agreement with Gwadar International Terminals Ltd to move liquefied natural gas (LNG) onto special purpose trucks for regasification at various industrial sites across the country. Through an agreement signed at a ceremony, the GGPL will commence…
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ISLAMABAD: The new private sector companies seeking entry into liquefied natural gas (LNG) business without government guarantees appeared to be moving in circles as the public sector stakeholders blamed each other for uncertainties relating to enabling environment and infrastructure. This was the overriding sense of a public hearing conducted by the Oil & Gas Regulatory Authority (Ogra) on the request…
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ISLAMABAD: In a major move to gradually deregulate gas tariffs, the state-run liquefied natural gas (LNG) importer on Thursday expressed intention to grant capacity to the private sector – a decision that had so far been pending due to acquisition of surplus capacity of LNG terminals by the government. A representative of Pakistan LNG Limited (PLL) said they could not…
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Sindh Govt to take emergency corrective measures to overcome worrisome shortage of fire tenders, firemen in Karachi: LG MinisterKarachi: Sindh Information and Local Government Minister Syed Nasir Hussain Shah has said that the provincial government is taking emergency corrective measures to repair the faulty fire engines and overcome the shortage of staff being faced by the Karachi’s fire brigade.“I recently…
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