Due to shortage of LNG,Sui Northern gas company has decided to cut-off the supply of gas to 500 industries and 50 CNG stations across the district till July 5, while gas supply to the export industry will be restored. The gas company is currently facing a gas crisis.The supply of gas was being disrupted due to shortage of LNG. Domestic…
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Compressed natural gas (CNG) stations will remain closed till July 9 in Sindh, Sui Southern Gas Company (SSGC) announced on Monday. CNG stations in the province have been closed since June 22 and were scheduled to resume operations from 8am tomorrow, CNG associations said while responding to the development. A few days back, Special Assistant to the Prime Minister (SAPM)…
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The National Electric Power Regulatory Authority (Nepra) on Tuesday observed that in-efficient power plants were run as compared to efficient power plants during May. Nepra Chairman Tauseef H Farooqi said this while concluding a public hearing into monthly fuel cost adjustment (FCA) for May. The chairman also expressed dismay over National Transmission & Despatch Company’s (NTDC) in-efficiency in the transmission…
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The World Bank (WB) has approved $800 million financing for Programme for Affordable and Clean Energy (PACE) and the Second Securing Human Investments to Foster Transformation (SHIFT-II) programme. World Bank Country Director for Pakistan, Najy Benhassine said that the reforms underpinning PACE and SHIFT can contribute to facilitating sustainable investments and generate welfare gains for those most in need, according…
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Federal Minister for Maritime Affairs Ali Zaidi has shared a plan for the instalment of a fourth liquefied natural gas (LNG) terminal in the country at Karachi’s Port Qasim. Taking to Twitter to make the announcement on Tuesday, Ali Zaidi shared that Mitsubishi company has decided to invest US $300 million for setting up the LNG terminal at the port.…
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The Oil and Gas Regulatory Authority (Ogra) has prepared a summary, seeking an increase in petrol prices from July 01. According to sources privy to the decision, the regulator has recommended an increase in petrol price by Rs6 per litre. The authority has suggested an increase of Rs3 per litre in the price of high-speed diesel. According to sources, the…
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June 2021
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A twin energy crisis is going to peak in next few days with initiation of LNG terminal’s dry docking, annual closure of a key gas-well and man-made bottlenecks in supplies. The most efficiently-run LNG import terminal will be shut down temporarily today (Monday), as Floating Storage and Regasification Unit (FSRU) is going to leave for mandatory dry docking, disrupting gas…
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For any developing economy tax collection represents the most critical component for growth and development. On an average, developing economies collect less than 15 percent of GDP in taxes, compared with the 40 percent collected by advanced countries. The ability to collect taxes is central to a country’s capacity to finance social services such as health and education, critical infrastructure…
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Like Houston, we will have a problem. Results of a case when utilities are not encouraged to invest. Earlier this year, millions of homes in Texas were without power for days in what is dubbed as one of the worst power crises in world history. Houston is really a case in point. The electric grid in Texas was built for…
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