The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel Chairman Mian Anjum Nisar, while calling for uninterrupted gas supply to the industrial sector, has urged the government to up-grade gas distribution and supply system to avoid losses. Moreover, condemning the jump in rates of petroleum products, he stressed the need for reducing tax ratio on oil products to…
Read More
The Sui Northern Gas Pipelines Limited (SNGPL) has notified the schedule for the restoration of gas supply to Punjab and Khyber Pakhtunkhwa (KP) from Wednesday. The notification issued by SNGPL stated that the gas supply will be restored to the general industry in Punjab and Khyber Pakhtunkhwa (KP) on July 7. It added that the gas supply to the compressed…
Read More
Churna Island is facing serious ecosystem degradation due to depletion of precious exotic species of corals due to environmental and anthropogenic damages whereas the Island’s conversion into a Marine Protected Area (MPA) could help overcome the crisis. Churna Island is one of the scenic and unique adventure sports tourism attractions offering unforgettable experiences of corals and underground water sports. It…
Read More
The energy ministry spokesperson on Sunday clarified that there was no forced load shedding across the country for the last 48 hours. In a statement, the spokesperson said that forced load shedding has already come to an end almost 48 hours ago ie Friday, July 02, 5:00 pm onward, across the country as the power generation has increased due to increased gas…
Read More
The National Transmission and Despatch Company (NTDC) recently submitted the revised Indicative Generation Capacity Expansion Plan (IGCEP) for the regulator’s approval. Alongside other revisions, it indicates an increase in the planned hydropower share to more than half of the country’s total energy mix by 2030. The hydropower component of the IGCEP displays an ‘alarming trend’, according to the comments on…
Read More
The fragility of the liquefied natural gas(LNG) value chain was exposed last week that sent shock waves in the power corridors. The fault lines whilst hidden acted like sleeper cells and the first strike made the decision-makers lose their sleep. The end consumers suffered the most in killing hot summer amid the return of the countrywide power cuts of various…
Read More
The United Arab Emirates on Sunday criticised the current oil output deal among Opec+ alliance members as unjust, escalating a row that could derail the energy market’s post-pandemic recovery. The UAE’s push to increase its production baseline is reported to have derailed last week’s meeting of the alliance of oil-producing countries, and also sets it against its ally, Saudi Arabia.…
Read More
Energy shortfall across Punjab has crossed 2,000MW, said Lahore Electric Supply Company (LESCO) on Friday. The spokesperson of the LESCO in his statement said that currently, the energy shortfall in the province is recorded at more than 2,000MW and as a result, the urban and the rural areas of the province are facing unannounced power cuts. “The grid stations in…
Read More
Federal Minister for Energy Hammad Azhar has said the twin crisis of gas and electricity will be over by Monday and 70% supply of the Regasified Liquefied Natural Gas (RLNG) will be restored from today [Saturday]. “40% re-gasification of the RLNG from the replacement ship has been achieved two days ahead of schedule. We are targeting 70% restoration of the…
Read More
With power sector circular debt touching Rs2.327 trillion as of June 30, 2021, the Cabinet Committee on Energy (CCoE) on Thursday ordered expeditious implementation on oil crisis report including transfer of additional powers to Oil & Gas Regulatory Authority (Ogra) to regulate oil marketing sector. Presided over by Planning Minister Asad Umar, the CCoE also desired a final position of…
Read More
