Asian spot liquefied natural gas (LNG) prices fell for a fourth week on lower heating demand and as markets in China and most of Southeast Asia close for the Lunar New Year. The average LNG price for March delivery into Northeast Asia LNG-AS was estimated at around $6.90 per million British thermal units (mmBtu), 30 cents lower than last week,…
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During 2008-09, when terrorism was a daily occurrence in Pakistan, I was once talking to this jewellery store owner on main Sadar road Peshawar. He pointed to a significant number of men lurking around and said, “I feel threatened from them as much as from the suicide bombers.” I was confused so he explained that these men were waiting for…
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The Government of Pakistan, on Sunday, took action for the execution on the recommended rise in fuel prices from February 16 by Oil and Gas Regulatory Authority (OGRA). According to the sources, from February 16, an inflation in the prices of petroleum products by Rs 5 is likely to be observed. OGRA has sent the documentation of suggestions to the Petroleum Division…
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Kabul, (APP – UrduPoint / Pakistan Point News – 14th Feb, 2021 ) :Dozens of oil and gas tankers carrying millions of dollars’ worth of fuel caught fire on Saturday, creating an inferno at Afghanistan’s biggest trade crossing with Iran, officials said. The blaze broke out in the early afternoon at islam Qala port, 120 kilometres (75 miles) from the…
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KARACHI: Spokesperson of Sindh Government and Advisor for Law, Environment and Coastal Development Barrister Murtaza Wahab has criticized Oil and Gas Regulatory Authority (Ogra) for its proposal to increase price of petroleum products to up to Rs16. He said that the hike in price of petroleum products was nothing but a nuisance to the people. He said that the selected…
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ISLAMABAD: Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) Ghiyas Abdullah Paracha said the government had laid the foundation of the CNG industry’s complete revival by allowing private sector players to participate in the Liquefied Natural Gas (LNG) business. “The present government has taken a key step towards revival of the CNG industry that was once considered the…
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The Oil and Gas Regulatory Authority (OGRA) announced its decision to raise the average price of gas by as much as Rs13.42, to the horror of industries across the country. Given that billions have been spent in recovering losses as well as in improving supply and distribution systems, there should be no reason for such a dramatic hike. If we…
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ISLAMABAD: The National Transmission and Dispatch Company (NTDC), a subsidiary of the Ministry of Energy, has shortlisted a panel of four senior officers, including a candidate demanding extraordinary salary, for appointment as the company’s managing director. Among the four nominations, Aizaz Ahmed, a candidate working abroad, has demanded $15,000 (approximately Rs2.4 million) salary plus MP1 scale benefits. According to sources…
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QUETTA: The Taraqee Foundation, an NGO, in collaboration with United Nations Development Programme, Pakistan, Pakistan Poverty Alleviation Fund (PPAF) and Forest and Wildlife Department of Balochistan, has launched a mass trees plantation campaign titled “Chand Meri Zameen, Phool Mera Watan”. The NGO plans to plant 15,000 saplings in Quetta city, 35,000 in Maseelah, 25,000 in Band Khushdil Khan and 10,000…
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The two-year-long controversy over unaffordable and expensive electricity generation contracts has almost come to an end with the signing of revised agreements with 46 private investors and dozens of public-sector entities. The government says it has been able to achieve savings of about Rs770 billion over the average remaining 20-year contractual life of about 8,000 megawatts of independent power producers…
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