Karachi Chamber of Commerce and Industry (KCCI) has said disruption in gas supplies to Karachi-based industries was inflicting an estimated loss of $44 million to the national exports on a daily basis. The KCCI and its affiliated industrial town associations said gas supply disruptions since June 11, 2021 have crippled industries and halted production. KCCI spokesman said the supply of…
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The much-awaited legal opinion of the Law Division that has been submitted with the authorities concerned is not in favour of postponement of the dry docking of existing floating storage and regasification unit (FSRU) Exquisite at the Engro LNG Terminal till August, rather it is in favour of Excelerate Energy, which is a US company and owner of the FSRU.…
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Pakistan Water and Power Development Authority (WAPDA) today awarded contract amounting to US$ 241.1 million for electro-mechanical (E&M) works of the 1530 MW-Tarbela 5th Extension Hydropower Project to a joint venture comprising Harbin Electric International Company and Harbin Electric Machinery Company (HEIC-HEMC) through an international competitive bidding. The ceremony for signing of the contract was held today at WAPDA House,…
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The Federal Reserve Bank of Dallas has released its Q2 2021 Energy Survey, and one thing is clear: oil and gas companies are struggling to find investors. The new report included special questions about expectations for a global crude oil gap, current and expected investments in renewables by oil and gas firms, and more. Oil and gas executives who responded to…
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The Islamabad Electric Supply Company (Iesco) has lifted the ban on new connections in the federal capital and asked the Capital Development Authority (CDA) to share details of acquired and un-acquired land with it. However, the company said houses in illegal housing schemes will not be provided new connections. New utility connections were banned in Islamabad in 2016 on the…
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The Cabinet Committee on Energy (CCoE), in its meeting on Thursday, asked the Petroleum Division (PD) to come up with a clear mind after one month if it wanted to build the Pakistan Stream Gas Pipeline (PSGP) with 26 per cent shareholding of Russian government, or it wants to build LNG-III pipeline under the consortium of Sui Southern, Sui Northern…
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The government has formed a committee to identify the people responsible for the delay in dry docking at the Engro LNG floating terminal. The dry docking was due in March last year, but Engro replaced the existing terminal with another one with more capacity of 900 mmcfd of LNG. Sources said Finance Minister Shaukat Tarin attended a meeting of the…
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A report of the Standing Committee on Natural Resources presented before the House of Commons rang the alarm bell on how important it is for Canada to secure a supply of critical minerals, particularly in the face of China’s dominance. Currently, the Asian giant owns as much as 80% of the global processing capacity for rare earths, as it has…
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Water used in oil and gas well drilling may become classified as hazardous waste, complicating the lives of companies that use it if a new bill, sponsored by a New Jersey Congressman, becomes a law. The Climate Leadership and Environmental Action for our Nation’s Future Act, or the CLEAN Future Act, for short, calls for a variety of unsurprising steps…
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Amid severe gas shortage in Sindh and Balochistan that appeared on the scene from June 22, 2021 because of the Annual Turn Around (ATA) of Kunnar Pasaki gas field and which is likely to further aggravate when Engro LNG terminal gets closed from June 29 for dry docking, the Pakistan Gas Port Consortium Limited (PGPCL) LNG Import Terminal has come…
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