Karachi — Pakistan has decided to halt gas supplies from Feb. 1 to captive power plants of non-export oriented industries using gas as a fuel to produce their own electricity, in an effort to ensure residential consumers get enough supplies, a government document said. The decision comes at a time when Pakistan is facing a severe gas shortage at home and…
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KARACHI: State-owned Oil and Gas Development Company (OGDC) has planned to conduct a study to classify shale and tight gas reservoirs in the country identified by its initial investigation, it was learnt on Thursday. OGDC has already conducted a shale gas and tight gas study for Indus Basin and delineated 27 unconventionally focused areas which have shown presence of significant…
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China is all set to launch its carbon emissions trading scheme next month. If successful, it is set to be the largest such system in the world. Carbon trading schemes have been on several countries’ agendas, but their execution has been limited due to fiduciary, technical and implementation challenges. Pakistan has abundant potential carbon mitigation and adaptation options and could…
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NOT many know Pakistan was elected co-chair of the Green Climate Fund Board for 2020; fewer realise its significance. With $17 billion in the kitty and growing, GCF is the most important global fund for climate change. As contributors, interests of the developed world are well represented on the board. Facing global economic powerhouses, Pakistan, co-chairing with Canada, tackled the…
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Pakistan Foreign Investors Forum (FIF) has urged the government to amend the decision of the Cabinet Committee on Energy (CCoE) about renewable energy projects thereby paving the way for $470 million. According to Khurram Tariq Sayeed, Founder President, FIF, change in CCoE’s decision of April 4, 2019, would result in the lowest wind & solar tariff of Rs 5.95/kwh and…
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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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ISLAMABAD: The government on Thursday reconstituted the board of directors of the National Transmission & Despatch Company (NTDC) under the chairmanship of former managing director of K-Electric Naveed Ismail. According to a notification issued by the Power Division, seven out of 11 members of the existing board have been replaced. All the independent directors are new faces on the board…
Read MoreISLAMABAD: The Oil & Gas Regulatory Authority (Ogra) on Thursday allowed Rs44 per unit (5.4 per cent) increase in the prescribed price for Karachi-based Sui Southern Gas Company (SSGC). The increase was determined on the request of the utility on the basis of its estimated revenue requirement (ERR) for financial year 2020-21. The regulator said the company will be able…
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Near the beginning of December, Bloomberg sources suggested that the French oil major Total SA was looking to rid itself of its 18% stake in the Sarsang exploration block in northern Iraqi Kurdistan. Now, Iraq’s oil ministry has signed an MOU with the oil giant to execute “large and promising projects” in Iraq, specifically in natural gas and clean energy,…
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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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