ISLAMABAD: The oil and gas Exploration & Production (E&P) companies have planned to inject around 150 Million Cubic Feet per Day (MMCFD) additional gas in the transmission network in the coming days from their different fields to meet the increased demand of the commodity during current winter. “Additional local gas and increased import of Liquefied Natural Gas (LNG) will help…
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The biggest challenge facing the government today is the power sector. These words were echoed by none other than Prime Minister Imran Khan himself earlier last week. These words have been echoed midway in their respective tenures by PM Gilani and PM Sharif as well. A decade on, and the power sector remains a headache. Safe to say, it has…
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The Economic Coordination Committee (ECC) of the cabinet decided in a recent meeting to begin the process for the rationalisation of subsidies — a long-time demand of global lending agencies led by the International Monetary Fund (IMF). The decision was based on a presentation made by Dr Waqar Masood Khan, who headed a Subsidy Cell in the Ministry of Finance…
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ISLAMABAD,: The much-awaited construction work on 1,100-kilometer gas pipeline is likely to start in July next year aimed at transporting the commodity from Karachi to Lahore and meeting the country’s ever-growing energy needs. The North-South Gas Pipeline Project (NSGPP) will be executed in collaboration with Russia, under which Pakistan would have a majority share of 51-74 percent, a senior official…
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Industry body Oil & Gas UK (OGUK) announced this week that it has appointed three major business leaders to its board. The new appointments comprise Jose Luis Munoz, the chief executive officer of Repsol Sinopec Resources UK Limited, Andy Hessell, the managing director of Kellas Midstream, and Mikki Corcoran, the managing director of Schlumberger Europe. Munoz first joined Repsol in…
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ISLAMABAD: Why are we prone to crisis? After power deficit, we are in a power surplus crisis. After the introduction of liquefied natural gas (LNG), one would have thought that ample supplies would be available from the international system. However, people complain that they do not have gas for cooking food. Recently, a controversy has erupted over losses and shortages…
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As has been the case for many years, and indeed decades, circular debt, notably in the energy sector, remains a major problem for Pakistan. The prime minister has conceded that this is indeed the case and it is one of the causes of grave concern for him, especially as he feels that all the figures given to him have not…
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China’s Shangai Electric Power (SEP) has expressed a commitment to complete transaction of K-Electric within six months subject to resolution of issues. A meeting, chaired by the minister for privatisation and minister for energy, was held in the second week of the ongoing month on the way forward on issues related to the transfer of K-Electric shares to SEP. Officials…
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The short answer is: all of us. Doubtlessly, climate change is caused majorly by the oil corporations. However, taking refuge in this mindset that the powerful and rich oil companies are causing this and we all are somehow innocent is a fallacy. It is quite therapeutic, yet self-deceptive, to view oneself as rather the victim instead of the participant in…
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The last few weeks media has been buzzing with allegations and counter-allegations about import of LNG. Both Dawn and Geo have put a figure of $200 milliom as losses due to delay in procuring LNG. Geo went further and put a figure of $122 billion losses incurred by the PTI government due to this delay and other decisions. The debate Friday night…
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