Saudi Arabia, the world’s largest oil producer, has ramped up development at the natural gas-rich Jafurah field in the Eastern Province, considered the largest unconventional field of its kind in the Kingdom. State-owned Saudi Arabian Oil Co., aka Aramco, secured regulatory approval in early 2020 to develop the mega field, which holds an estimated 200 Tcf. Designed to meet the…
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The longer the prices for natural gas remain at record high levels in Europe this year, the stronger the markets feel that Russian gas should not be seen as a quick fix to the problem, at least not before this winter ends. “Overall gas production in Russia over the three quarters of 2021 was 12 percent and 2.6 percent higher…
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Sui Northern Gas Pipelines Ltd (SNGPL) has sought 150 percent hike in gas price. The petition of gas utility in connection with review of its estimated revenue requirement for FY 2021-22 was discussed here at a hearing organised by the Oil and Gas Regulatory Authority (Ogra) on Wednesday. SNGPL has filed a petition for increase in the prescribed price by…
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The Sahiwal coal-fired power plant is unique in many ways. It has been established on the most fertile land of the country just a few miles away from Lahore. Coal is imported from South Africa and Indonesia which is unloaded at the Karachi port, and then transported through rail to the site. It is burnt to produce steam which generates…
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Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said power sector circular debt has become a threat to the economy. It has increased rapidly to Rs2.5 trillion and the only way to resolve the issue is to compromise political interests, he said. Mian Zahid…
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In a new record, the National Electric Power Regulatory Authority (Nepra) on Tuesday firmed up charging an additional Rs4.74 per unit fuel cost to consumers for electricity they consumed in October so that ex-Wapda distribution companies (Discos) could mop up additional revenue of Rs60 billion in December. This was concluded at public hearing presided over by Nepra Chairman Tauseef H.…
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