Year: 2021

People need warm water especially for their morning baths, but the country has long depended on gas geysers, which have been rendered almost useless amid a worsening gas shortage. Since a total shift to electric geysers may prove too expensive, many consumers have shown keen interest in hybrid gas-electric geysers as well as small instant geysers. The hybrid geysers have been made available on the market and the demand continues to rise. Difference between gas and electric geyser A geyser is basically a tank made of steel sheets to hold…

Read More

European and UK gas prices rocketed on Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key supplier Russia and consumer nations. Europe’s reference Dutch TTF gas price jumped nearly 20 percent from Monday to hit 175.00 euros per megawatt hour in early afternoon trading. Meanwhile, UK prices leapt to 4.35 pounds per therm. Both markets beat previous records from October, also struck on demand worries for the northern hemisphere winter months. They are currently about seven times greater than at the start of 2021. Record…

Read More

The distribution companies (Discos) have witnessed an increase in demand of 800 megawatt by the industrial consumers with suspension of gas supply by the government, said reliable sources. They said this rise in demand has occurred at the outset of the current week against the previous one, when the ministry of petroleum had suspended gas supply to the industrial units. Meanwhile, said the sources, the Ministry of Energy was considering shifting of power plants on furnace oil, which prices have fallen to Rs 98 per kg against Rs 117 per…

Read More

Pakistan Petroleum Limited (PPL) has sought government nod to produce additional 125 mmcfd gas from Kandhkot gas field to sell to any other buyer, revealing that Genco-IIs 747 MW unit is going to be sold to third party. In a letter to MD/CEO, Genco Holding Company Limited (GHCL), a senior official of PPL Abid Ashfaque Malick has also proposed constitution of a committee to review everything in historical perspective instead of going back to square one and starting all over again, adding that time is of essence, as the nation…

Read More