The National Electric Power Regulatory Authority (NEPRA) on Thursday to encourage a healthy lifestyle, social interaction and general well-being at work arranged 5th Edition of the NEPRA Super League, an inter-departmental tape ball cricket tournament. The NEPRA arranged outdoor activities for its employees and their families from time to time for healthy life style, said a news release.Apart from the…
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Punjab Minister for Energy Dr Muhammad Akhtar has said that work is under way on various projects in the province to utilise alternative energy sources in line with international standards to tackle climate change and generate cheap electricity to meet local needs. He was addressing a meeting of the Punjab Power Development Board chaired by him here. The minister said…
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The provinces have raised objection to Pakistan Petroleum Upstream RegulatoryAuthority bill, saying provinces were not taken on board regarding the amendment in the bill.In the meeting of NA committee on energy, the province of Khyber Pakhtunkhwa has raisedobjection to Weighted Average Cost of Gas (WACOG), saying that it is unjustified and will increasethe burden of the provinces.The 15th meeting of…
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Country’s total proven oil and gas reserves fell six percent in December FY2022, for the most part owing to an over a decade-long drought of big discoveries and unabated consumption, analysts report said on Friday. The decline in reserves comes at a time when international hydrocarbon prices are hovering around their highest levels, causing hardship for the countries like Pakistan,…
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Pakistan is considering amending its petroleum policy to offer more incentives to foreign local oil and gas exploration and production firms as a number of them have pulled up their stakes from the country over last several years, negatively impacting energy sector, The News has learnt. To this effect, the Cabinet Committee on Energy (CCoE) that met under the chair…
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Saudi Arabia, the world’s largest oil exporter, could raise its official selling prices for Asia for April to the highest differentials to benchmarks on record, as buyers scramble to secure additional crude from the Middle East amid toxic Russian cargoes after Putin’s invasion of Ukraine. The Saudis are expected to raise significantly their official selling prices (OSPs), and Arab Light—the…
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Western European nations are scrambling for ways to live without Russian natural gas, bracing for the possibility that either the Kremlin switches off the taps or political pressure for tighter sanctions erupts into a full energy embargo. With Russian troops advancing into Ukraine, European Union governments are concerned that the source of 40% of the region’s gas could either be…
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Sui Southern Gas Company (SSGC) has announced to shut down CNG stations in the province for three days in the ongoing week, ARY NEWS reported. According to an announcement from the SSGC, the CNG stations have been shut down for 72 hours in the ongoing week. There will be no CNG available for 72 hours from Friday to Monday, the…
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The country has purchased around 10 liquefied natural gas (LNG) cargoes at a weighted average cost of $14.5 mmbtu (Metric Million British Thermal Units) for the current month, which is almost 75 percent less as compared to the existing rate of $60/mmbtu in the international spot market. Minister for Energy Hammad Azhar said this in a tweet on Thursday, adding:…
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As a major supply crunch of liquefied natural gas (LNG) looms amid Russia’s invasion of Ukraine, Pakistan is switching to expensive and dirty diesel fuel to generate electricity, Bloomberg has reported. Pakistan’s diesel-fired power generation surged to the highest level in at least seven years in January, while LNG-based output dropped to the lowest in almost two years, according to…
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