SINGAPORE: Pakistan LNG is seeking a liquefied natural gas (LNG) cargo for delivery in April, a tender document posted on the company website showed on Tuesday. It is seeking the cargo on a delivered ex-ship (DES) basis for delivery into Port Qasim, Karachi over April 9 to 10, according to the document.
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LAHORE: The Pakistan Electric Power Company (PEPCO) has constituted a four-member committee to prepare a brief on financial, technical and commercial highlights of the distribution companies (DISCOs) for privatization purposes. A copy of the office order issued in line with the cabinet committee on privatization (CCOP) decision on privatization of DISCOs is available with Business Recorder which points out that…
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SINGAPORE/LONDON: Pakistan LNG is seeking two liquefied natural gas (LNG) cargoes for delivery in February, after at least one supplier was unable to deliver a scheduled cargo, two industry sources told Reuters on Tuesday. Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the cargoes for delivery over Feb. 15-16 and Feb. 23-24, one of…
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ISLAMABAD: National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Farooqi has said that the regulator is working on an inclusive Corporate Social Responsibility (CSR) development model. He was addressing a webinar cum seminar at Nepra Headquarters envisioning developing a CSR culture with its CSR drive of “Power with Prosperity”. The event was attended by a number of senior representatives…
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NEPRA has recently issued its determination on the applicability of Open Access (OA) charges applicable on OA consumers and has rejected the petition of CPPAG in this respect connected with the wheeling charges. Buyers or consumers’ choice and competitions are the basic tenets of capitalist markets. Under Open Access, the consumer has a choice of procuring or generating his own…
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ISLAMABAD: The government has sought urgent tenders for liquefied natural gas (LNG) deliveries in third and fourth week of February to fill the gap arising out of a default by Emirates National Oil Company (ENOC) on its supply commitment. A senior official at the Ministry of Energy (Petroleum Division) confirmed that two cargoes had been sought from the international market…
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The Peshawar Electric Supply Company (PESCO) recovered Rs1.24 million from defaulters in Abbottabad and Haripur districts during ongoing efforts to recover arrears, a spokesperson shared on Tuesday. He said that Hazara circle teams along with Pesco and the police checked various areas and replaced 45 defective metres on the spot. The operation against power stealers intensified in the province while…
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ISLAMABAD: The involvement of state companies in the liquefied natural gas (LNG) business has exposed financial risk to Pakistan as Gunvor – a supplier of the LNG – has filed a case against the Pakistan State Oil (PSO) in an international court. The PML-N government had involved the private sector in setting up LNG terminals in Pakistan. But it involved state companies like…
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January 2021
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LONDON – Global emissions of the potent greenhouse gas methane from oil and gas production dropped 10% in 2020 mainly because of lower output as opposed to concerted climate action, a report by the International Energy Agency (IEA) found. Methane has more than 80 times the warming potential of carbon dioxide in its first 20 years in the atmosphere and…
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