Monthly fuel price adjustment

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Wednesday indicated an increase of upto Rs 1.60 per unit in tariffs of power Distribution Companies for the month of December 2020 under monthly fuel price adjustment mechanism, amid a heated debate within the Authority on use of expensive fuel, which will overburden the consumers. The increase which will be reflected in…

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Sell-off of Discos

ISLAMABAD: Power Division has handed over the entire documents of power Distribution Companies (Discos) to the Privatisation Commission (PC) meant to expedite sell-off process of those companies, well-informed sources told Business Recorder. The Discos employees are already protesting against the proposed privatisation of companies, fearing that they will lose jobs. On January 5, 2021, Privatisation Commission wrote a letter to…

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Imported LNG supply in Sindh

ISLAMABAD: The Ultimate Energy Services (Pvt) Ltd has signed an agreement with Energas Marketing (Pvt) Ltd for supply of imported LNG to the CNG stations in Sindh. The CNG industry has been facing severe gas loadshedding since a decade, which has worsened in the last two years. As a result, the CNG consumers have been deprived of their favourite and…

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MPCL awarded 4 new exploration blocks

KARACHI: The Directorate General of Petroleum Concessions (DGPC) has provisionally awarded four new exploration blocks to Mari Petroleum Company Limited (MPCL) in the latest block bidding round, the company announced on Wednesday. MPCL has been awarded two blocks as the operator and two as the joint venture partner with other local companies. The blocks have been awarded after competitive bidding…

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China pours money into green Belt and Road projects

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NEPRA questions furnace oil use in power generation

The National Electric Power Regulatory Authority (Nepra) has once again questioned the use of expensive furnace oil instead of re-gasified liquefied natural gas (RLNG) for electricity generation in December 2020. The regulator has also questioned the diversion of gas from power plants to other sectors during the month. At a public hearing of a petition of the Central Power Purchasing…

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Ministry seeks cut in port charges

With claims of charging 300% higher port charges on liquefied natural gas (LNG) vessels, the Petroleum Division has approached the Cabinet Committee on Energy (CCOE) with a proposal to reduce the charges. Two state-run energy companies – Pakistan LNG Limited (PLL) and Pakistan State Oil (PSO) – have pointed out that LNG vessels were still facing problems in navigating despite collection of…

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Azerbaijan seeks to build long-term energy ties

ISLAMABAD: Socar Trading — a commercial arm of the State Oil Company of Azerbaijan Republic — has offered supply of petrol and LNG cargoes to Pakistan LNG Ltd (PLL) and Pakistan State Oil (PSO) round the year on credit under a government-to-government (G2G) arrangement to build upon strategically friendly relationship between the two countries. A Socar Trading spokesperson told Dawn that Azerbaijan…

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