Pakistan and the IMF have so far failed to narrow down their differences, so both sides have decided to put completion of the sixth review under the $6 billion Extended Fund Facility (EFF) on hold for the next few months, it has been learnt. Pakistan and the IMF authorities could not evolve a consensus on the staff-level agreement, so the…
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Prime Minister Imran Khan has said that Dasu hydropower project is one of the projects which will immensely benefit the country by giving 1200 billion units of electricity upon completion by 2028. In a tweet with a video clip of project briefing, the Prime Minister expressed the confidence that during the decades of dams which began in 2018, all projects…
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China has discovered a pair of new deposits containing roughly two billion tons of shale oil and gas, according to the state-controlled energy giant China National Petroleum Corporation (CNPC). One of the wells was discovered in the Fuman oilfield – a major region for crude oil production in the Tarim Basin, in northwest China’s Xinjiang Uighur Autonomous Region. It reportedly…
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After taking the opinion of the Law Division, the Cabinet Committee on Energy (CCOE) will decide whether to delay the shutdown of the Engro LNG Terminal or to continue operations, within 72 hours, the Secretary Petroleum, Dr. Arshad Mehmood, informed a local media outlet. This is the standard process of the LNG terminals, whereby the FSRU is taken to the…
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The Cabinet Committee on Energy (CCOE) will decide in the next 72 hours to either delay shut down of Engro LNG Terminal by pending the dry docking of FSRU (Floating Storage Regasification Unit) for one and a half or two months or go as per plan after having opinion of Law Division, Secretary Petroleum Dr Arshad Mehmood, told The News.…
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The gas crisis in the country has worsened as Sui Southern Gas Company (SSGC) has decided to disconnect supply to CNG stations and industrial units. According to sources privy to the matter, two gas fields in the Sindh province, Kunnar Pasakhi and Gambat gas fields have been shut for repair works, worsening the already strained supply. “The SSGC after the…
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Industrial activities come to a standstill in the financial hub of the country due to suspension of gas supply by the Sui Southern Gas Company (SSGC), which may affect industry to meet export orders. Site Association of Industry (SAI) President Abdul Hadi expressing concern over the non-supply of gas to the industries of the Site Area, said that SSGC has…
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Public hearings were held by the National Electric Power Regulatory Authority (Nepra) recently on the Indicative Generation Capacity Expansion Plan (IGCEP) and allied issues. There was considerable controversy and discontent. There are two major issues that are under deliberation these days, which have a bearing on each other: Competitive Trading Bilateral Contract Market (CTBCM – a competition framework in the…
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Amid hike in fuel cost, the country’s power generation in May 2021 posted growth of 8.3 per cent year-on-year (YoY) to 13,010 GWh while it rose by 24pc month-on-month (MoM) compared with 10,481 GWh in April 2021. The first 11 months of the current fiscal year (11MFY21) saw a 6.7pc jump in power generation to 115,862 GWh from 108,579 GWh…
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As background engagements continue to call another special meeting of the Cabinet Committee on Energy (CCoE) to allow replacement of Engro’s LNG terminal for maintenance and statutory inspections, the Ministry of Maritime Affairs has demanded imposition of penalties on Engro for “violating the terms and conditions and jeopardising the energy security of Pakistan”. Informed sources said the second special meeting…
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