The Ministry of Energy is seriously considering to amend Merit Order for gas allocation on ability to pay, while assigning priority on the basis of various variables like best tariff, best customer, best use of resource, and financial sustainability,” a senior official told The News. “Such an arrangement will ensure smart use of natural gas, which is a scarce commodity,”…
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Natural gas inflow to Turkey’s gas network saw a year-over-year increase of around 23.2% to 61.6 billion cubic meters (bcm) in 2021, according to data from the Turkish Petroleum Pipeline Corporation (BOTAŞ). In 2020, around 50 bcm of natural gas was distributed through the Turkish natural gas system. As the country’s natural gas export volume is relatively low, it is…
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China-Pakistan Economic Corridor (CPEC) tsar Khalid Mansoor said on Thursday Chinese businesses have shown willingness to relocate their production facilities to Pakistan if the ongoing trade war between China and the United States escalates further. Speaking at a conference of business leaders, the special assistant to the prime minister on CPEC affairs said two to three investors have approached him…
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Amid a dissenting note by two of its members and despite 67 per cent of power coming from cheap domestic resources with static prices, the National Electric Power Regulatory Authority (Nepra) on Thursday allowed ex-Wapda distribution companies (Discos) to charge their consumers an additional fuel cost of Rs4.30 per unit during the current billing month to mop up about Rs35…
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The prices of key petroleum products are estimated to jump by up to Rs6.30 per litre on Jan 15 for the next fortnight, mainly because of higher international oil prices. Informed sources said the prices of petrol (motor gasoline) and high-speed diesel (HSD) had been worked out to go up by about Rs5.30 and Rs5.80 per litre, respectively, based on…
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Transmission line will evacuate Power from 969 MW Neelum Jhehlum HPP and 720 MW Karot HPPNTDC Headquarter, WAPDA House Lahore (14 Jan 2022) National Transmission and Despatch Company Limited (NTDC) has successfully completed and energized the 133 km long 2nd phase of 500 kV Neelum Jhehlum Double Circuit Transmission line and energized it successfully. Now the power generated through 969…
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The European gas crunch has been hogging headlines for months now, and with good reason – the continent is still struggling to secure enough energy for its winter needs. But there may be a worse crunch looming over the world, and that would be an oil crunch. The signs are there for everyone to see should they bother to look: OPEC’s…
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Sungrow, the global leading inverter solution supplier for renewables, announced that it won the prestigious PV Magazine Award 2021 for its flagship 1500V SG350HX PV inverter. As the only inverter company has given the honor this year, Sungrow stands out as a prominent industry leader innovating towards carbon neutrality. With PV Magazine being one of the most read industry platforms in Europe, this…
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Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited), one of Pakistan’s leading petroleum companies and largest refinery is set to acquire majority stake in Puma Energy Pakistan Private Limited (‘Puma’). Cnergyico having one of the largest refining capacity in the country, after this acquisition would have the second largest retail fuel network based on the current number shared by OMCs…
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With an estimated potential value of $1.3 trillion, Saudi Arabia’s mining sector is set for significant foreign direct investment over the next decade, Arab News reported on Wednesday. A total of 48 minerals have so far been identified in the Kingdom. Gold, copper and phosphate are currently mined in large quantities, while other deposits include zinc, nickel and rare earth…
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