The Ministry of Energy has asked the Oil and Gas Regulatory Authority (Ogra), gas utilities and the sponsors of two upcoming LNG terminals to proceed with the execution of a gas transportation agreement (GTA), but a lower allocation of firm pipeline capacity has worried investors. In a letter issued on November 12, the energy ministry (petroleum division) has notified that…
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The Cabinet Committee on Privatisation (CCoP) is likely to approve the scheme of debt re-capitalization and refinancing of two RLNG-fired plants though local banks amounting to Rs 110 billion before sale of equity in its forthcoming meeting, well informed in Power Division told Business Recorder. Both Haveli Bahadar Shah and Balloki Power plants, owned by National Power Park Management Company (Private)…
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Chief Representative of National Bank of Pakistan (NBP) in China, Shaikh Muhammad Shariq said that his bank is ready to facilitate the Chinese companies to relocate their businesses and industrial units to Pakistan under the China-Pakistan Economic Corridor (CPEC) framework. “As we are about to enter into the second phase of CPEC, which is more focused on industrial cooperation, we…
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Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and hosted by the Abu Dhabi National Oil Company (ADNOC), this year’s ADIPEC – the global energy industry’s largest, most important and influential event – returns to Abu Dhabi from 15th – 18th November to offer face-to-face meetings for the energy industry following the challenges of…
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Sui Southern Gas Company Limited (SSGC) on Sunday refuted reports circulating on social media that it has issued a schedule for the provision of gas amid an expected shortage in Pakistan in the winter months. Referring to a picture circulating on social media, the SSGC clarified that the information being attributed to SSGC is “fake news”. “A post is being…
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Alok Sharma, the president of the UN climate conference in Scotland, had convened the final meeting of representatives from nearly 200 countries to deliver the Glasgow Climate Pact, a deal meant to ensure the world still has a chance to avert the worst impacts of global warming. It was moment born of weeks of arduous negotiation and months of painstaking…
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Minister for Energy Hammad Azhar informed the Senate on Friday that domestic gas reserves were depleting fast and the gas prices had not been increased since 2019. The Senate met under the chairmanship of Sadiq Sanjrani. Responding to a calling attention notice raised by senators Sherry Rehman and Saleem Mandviwalla about the ongoing crisis in the gas supply to consumers,…
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With the onset of winter, and prior to the arrival of tourists, the district administration has banned the use of gas cylinders for heating in hotels and guest houses in Murree. Civil Defence Department (CDD) District Officer (DO) Civil Defence Talib Hussain said that the ban has been implemented with immediate effect, and any hotels and guest houses found in…
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The earthquakes, magnitudes 6.4 and 6.3, hit Iran’s energy province of Hormozgan on the Persian Gulf, with the epicenter at the town of Laaft on Qeshm island. No infrastructure facilities were damaged on the island, where several oil and gas plants have been built or are under construction, state television reported. In Bandar Abbas, home to a 350,000 b/d refinery,…
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Along with a solar farm and a battery, five giant wind turbines are powering much of the operations at the Agnew gold project, about 1,000 kilometres north-east of Perth. It is the first resources project anywhere in Australia to have a wind farm, but it is unlikely to be the last. What’s more, the mix of renewable energy sources to…
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