The Islamabad High Court on Monday issued a notice to the Pakistan Procurement Regulatory Authority (PPRA) for allegedly securing a favourable order from the court on the basis of forged documents. Justice Aamer Farooq of the IHC issued the notice to the PPRA managing director on a petition filed by the authority’s ex-director general accusing the former of submitting forged…
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A top United Nations (UN) official has called for Australia to urgently abandon coal-fired power generation. Selwin Hart, special adviser to the UN Secretary-General on Climate Action and assistant secretary-general, told a virtual Australian National University (ANU) forum on Monday that the climate crisis would “wreak havoc” on the Australian economy if it remains reliant on the coal industry. “Market…
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BP Singapore has delivered its first carbon offset LNG cargo in the Asia-Pacific region to CPC Corporation, the oil and gas major confirmed today (6th September). Delivered to the Yung An terminal in Taiwan, the LNG offering strengthens BP’s offering in the region and meets the growing demand for LNG. “Natural gas has a key role to play in getting…
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The shale revolution has profoundly changed the market landscape for natural gas. The U.S. is now the largest nat gas producer in the world, due largely to technological development prompted by the shale renaissance. These advancements have substantially enhanced productivity and have cut costs per well. Cheniere’s Sabine Pass and Corpus Christi: As the first mover in the U.S., Cheniere’s Sabine…
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Coal will be a major contributor to Australia’s economy well beyond 2030 given growth in global demand, the country’s resources minister said on Monday, a day after a United Nations envoy called on the country to phase out the fossil fuel. Without greater efforts to cut coal, climate change will dramatically damage Australia’s economy, Selwin Hart, the United Nations special…
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Karachi The participants of apublic hearing on Tuesday were given firm assurance that the operations ofPakistan’s first virtual LNG pipeline would fully comply with the local andinternational environmental safety standards. The SindhEnvironmental Protection Agency (SEPA) organised the public hearing at a hotelto invite comments from the concerned stakeholders on the Environmental ImpactAssessment Report of the proposed small scale LNG distribution network througha…
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The Petroleum Division is said to have recommended recovery of financial losses of billions of rupees from power consumers due to purchase of expensive RLNG or its non-availability for the power plants, well informed sources told Business Recorder. “Volume and pricing of RLNG is ring-fenced whereby RLNG consumers have to bear the full cost of supply. Any tariff differential and/or…
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The Council of Common Interests (CCI) decided on Monday to include hydel power in the renewable energy targets and directed the Power Division to finalise the “wheeling” policy so that it could be rolled out immediately. Chairing the 48th meeting of the CCI, Prime Minister Imran Khan directed the Power Division to employ technology-based solutions at the distribution companies level…
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With Pakistan suffering an “unprecedented dry” year, both the dams have started depleting fast before getting filled properly, as national inflows drop exceptionally and water planners now fear this dry cycle will continue and extraordinarily impact the Rabi crops. Although the Indus River System Authority (Irsa) was able to fill Tarbela Lake on Sept 1 after some jugglery with the…
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The government has asked all six oil refining facilities in the country to provide full details of Deemed Duty (DD) collected on petroleum products since its inception two decades ago along with third party audits of its utilisation. In a letter, the Petroleum Division has asked managing directors of six major refineries — Pak Arab Refinery Ltd, National Refinery Ltd,…
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