Amid gas shortfalls affecting power supplies at the peak of summer, emergency meetings are being arranged at the highest level to facilitate later this month dry-docking of floating LNG terminal of Engro that has blamed the government entities for creating the mess. This is happening at a time when the hydropower system has its natural constraints, local gas fields require…
Read More
The prices of the Liquefied Petroleum Gas (LPG) have been raised in the country for the third time within a span of four days as distributors have announced a nationwide strike against the decision on June 30, ARY NEWS reported on Tuesday. The Oil and Gas Development Company Limited (OGDCL) announced an increase of Rs6.09 per kilogram in the prices…
Read More
Engineering feasibility study and the environmental impact assessment of 300-megawatt Balakot hydropower development project have been completed to get the project into the next phase of construction, The News learnt on Tuesday. Hagler Bailly Pakistan and a Portuguese engineering consultancy AQUALOGUS in association with Zeeruk International Pvt. (Pakistan) carried out the preparatory works of the project located on the Kunhar…
Read More
The Pakistan Petroleum Limited (PPL) has made a maiden offer to sell 3mmscfd (million standard cubic feet per day) wellhead raw gas from its Naushero Feroz Block for sale to the third party, an official document suggested. The NF Hor-1 well is one of the deepest and longest horizontal wells in tight gas reservoirs drilled in Pakistan. It is also…
Read More
Circular debt, a very heated debate among economists of Pakistan, is becoming a colossal issue on every coming day. It is cross-indebtedness of parties in the energy supply chain, a situation in which every party in the circle is both a debtor and a creditor owing to the cash recovery problems of the party lying at the bottom of the…
Read More
Hot weather and limited supplies helped drive European natural gas prices to a 12-year high late last week in a rally that continued Monday. The prompt Title Transfer Facility (TTF) contract closed Friday at $10.237/MMBtu and finished higher on Monday at a level not seen since 2008. European gas prices have been strong since the beginning of the year. Storage…
Read More
There is a potential RLNG (or broader electricity) shortage threat looming for July. One of the two RLNG terminals needs dry docking (shutdown for detailed inspection and maintenance). The problem is that the company wants it to happen at the peak season, and this could create gas – in turn electricity – shortage, especially when two of the Sindh gas…
Read More
The country is likely to see hike in electricity bills and the government may resort to load management from June to October as SNGPL allocation of RLNG to power sector for these months is up to 54 percent less than the generation requirements of NPCC/NTDC. Against the total requirement planned by National Power Construction Company (NCCP) and National Transmission and…
Read More
The Oil and Gas Regulatory Authority (Ogra) will hold two public hearings against petition filed by the Sui Northern Gas Pipeline Limited (SNGPL) for estimated revenue requirement (ERR) to meet its expenditure in the financial year 2021-22 and the previous year shortfalls. The oil and gas regulator will hold the first public hearing in Lahore, on Tuesday (June 22), and…
Read More
KARACHI: The Sui Southern Gas Company Limited (SSGCL) has stopped gas supply to CNG stations in Sindh for 176 hours starting from 12am (June 22) to 9am (June 29) owing to gas shortfall. The company had informed station owners that it was facing a shortfall of 160MMCFD due to annual turnaround of Kunnar Passahi field at Tando Allahyar, causing decline…
Read More
