The Cabinet Committee on Energy (CCoE), in its meeting on Thursday, asked the Petroleum Division (PD) to come up with a clear mind after one month if it wanted to build the Pakistan Stream Gas Pipeline (PSGP) with 26 per cent shareholding of Russian government, or it wants to build LNG-III pipeline under the consortium of Sui Southern, Sui Northern…
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The government has formed a committee to identify the people responsible for the delay in dry docking at the Engro LNG floating terminal. The dry docking was due in March last year, but Engro replaced the existing terminal with another one with more capacity of 900 mmcfd of LNG. Sources said Finance Minister Shaukat Tarin attended a meeting of the…
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A report of the Standing Committee on Natural Resources presented before the House of Commons rang the alarm bell on how important it is for Canada to secure a supply of critical minerals, particularly in the face of China’s dominance. Currently, the Asian giant owns as much as 80% of the global processing capacity for rare earths, as it has…
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Water used in oil and gas well drilling may become classified as hazardous waste, complicating the lives of companies that use it if a new bill, sponsored by a New Jersey Congressman, becomes a law. The Climate Leadership and Environmental Action for our Nation’s Future Act, or the CLEAN Future Act, for short, calls for a variety of unsurprising steps…
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Amid severe gas shortage in Sindh and Balochistan that appeared on the scene from June 22, 2021 because of the Annual Turn Around (ATA) of Kunnar Pasaki gas field and which is likely to further aggravate when Engro LNG terminal gets closed from June 29 for dry docking, the Pakistan Gas Port Consortium Limited (PGPCL) LNG Import Terminal has come…
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The basic pitch for ‘net zero’ policies to combat climate change is this: a warming world will be devastating, but we can cut emissions down to next-to-nothing by using renewable energy technologies like wind and solar, which will keep on getting cheaper and cheaper. But the idea that we can have it all – energy that is plentiful, zero-carbon, and…
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That is when all hell broke loose. Engro had no other choice but to tell the government that enough delays had happened and they needed to dock their ship. As a result, Sui Southern found itself in a position where they would be unable to provide gas for a couple of days, and as a result would have to pay…
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The dry-docking in peak summer season will cost state-run energy companies and consumers around $40 million. In addition to the hefty price, the country is also facing an energy crisis if the Engro LNG terminal goes on dry docking after June 30, 2021. Sources said that the oil and gas companies had informed the government that consumers would be facing…
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The government is going to introduce a new car financing scheme with a lower interest rate of 5 to 6 per cent to facilitate customers who are unable to buy a car after major price hikes during the past few years. According to an official at the ministry of Industries and Production, the government is interested in facilitating the customers…
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The Central Power Purchasing Agency-Guaranteed (CPPA-G) is giving final touches to rules for the establishment of a wholesale electricity market and proposed legislative changes in the current electricity mechanism, scheduled to be effective from April, 2022, well-informed sources told Business Recorder. The Economic Coordination Committee (ECC) of the Cabinet in its decision of April 30, 2015 mandated CPPA-G to prepare…
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