ISLAMABAD, Oct 5 (Reuters) – Pakistan will ramp up spot buying of liquefied natural gas (LNG) from the international market, seeking up to six cargoes for December, its procurement subsidiary said on its website, as the country prepares for a potentially crippling gas shortage. December and January see the largest spike in demand for gas in Pakistan, but this year…
Read More
The federal government is abolishing Rs. 143 billion Liquefied Natural Gas (LNG) agreements inked by the Pakistan Muslim League-Nawaz (PML-N) government. Federal Minister for Planning and Development, Asad Umar, revealed this while speaking in a TV show on Thursday. The federal minister noted that the country will incur an overall burden of Rs. 1,000 billion due to these LNG agreements.…
Read More
The Department of State and USAID have launched the COVID-19 Private Sector Engagement & Partnership Fund with an additional $10 million in new assistance funds. The Fund has been established to strengthen the efforts of the private sector and bolster ongoing response efforts, helping the world’s most vulnerable overcome the devastation inflicted by the COVID-19 pandemic. What is the purpose of the Fund? 1) To create a formal and…
Read More
The solar power is the way forward for Pakistan to safeguard its energy security and to lower the basket price of electricity for the consumers in the country. Presentations Interviews
Read More
The solar power is the way forward for Pakistan to safeguard its energy security and to lower the basket price of electricity for the consumers in the country.This was stated by CEO of Alternative Energy Development Board (AEDB) Dr Rana Abdul Jabbar Khan in his keynote address at the 1st Virtual Conference on Solarization of Pakistan organized by the Energy…
Read More
The circular debt was around Rs2 trillion by June 20. The toll is still growing, and without doing anything, it will grow at a faster pace. Out of this Rs2 trillion, around half is on PHPL books and the remaining half is on CPPA-G balance sheet. PHPL debt is being paid off to power suppliers and has nothing to do…
Read More
If the ongoing strike of oil workers in Norway extends for another week without a resolution, nearly 25 percent of Norway’s oil and gas production could be shut down, including output at the giant Johan Sverdrup oilfield, the Norwegian Oil and Gas Association (NOG) said on Thursday. The association is at odds with the Lederne union, which has refused to accept…
Read More
Many people who have increasingly despaired at the adverse effects of changing climate have probably mused: Why can’t we go completely green? Why are fossil fuels so hard to quit? The answers, as usual, are legion: Renewable energy is too expensive, too unreliable, too undeveloped and fossil fuels lack a suitable substitute. All of these reasons contain a modicum of…
Read More
The solar power is the way forward for Pakistan to safeguard its energy security and to lower the basket price of electricity for the consumers in the country.This was stated by CEO of Alternative Energy Development Board (AEDB) Dr Rana Abdul Jabbar Khan in his keynote address at the 1st Virtual Conference on Solarization of Pakistan organized by the Energy…
Read More
Federal Minister for Energy Mr. Omar Ayub Khan and Special Assistant to the Prime Minister (SAPM) on Petroleum, Mr Nadeem Babar accompanied by Secretary Petroleum, Mian Asad Hayaud Din visited the country’s flagship oil company, Pakistan State Oil (PSO). Chairman, PSO Board of Management, Mr Zafar I. Usmani, Chief Executive Officer & Managing Director PSO, Syed Muhammad Taha and the…
Read More
