SUGGESTIONS FOR LNG SECTOR REFORMS
Month: April 2023
Massive investment, promotion of renewable energy to turn around Pakistan’s power sector
Pakistan faces several energy issues that have been hindering its economic growth and development. Some of the key challenges are:
Read MoreFour Oil Gas Fields Get 5-year Lease Extension
The Economic Coordination Committee (ECC) of the cabinet on Thursday approved supplementary grants worth Rs912.5 million and an extension in the lease period to four oil and gas-producing fields for accelerating exploration activities.
Read MoreGovt Likely To Cut Petrol Price by Rs3.86 Per Liter
The price of high-speed diesel (HSD) is expected to go down by Rs5.41 per litre effective from May 1, 2023 following the weakening of global oil prices. Kharif crop planting season is already under way and any decrease in the price of diesel,
Read MoreOGDCL Eyes Production Boost, Exploration Drive in Balochistan’s Zin Block
Oil and Gas Development Company Limited (OGDCL) is planning to boost oil and gas production from current wells while prioritising exploration efforts in the Zin block of Baluchistan, which holds confirmed reserves of 840 billion cubic feet per day (bcfd), company’s top official said on Thursday.
Read More$18 Per Barrel Cheaper Russian Oil Shipment To Arrive Next Month
Pakistan has ordered its first shipment of crude oil from Russia, which will arrive in late May or early June. The initial order, carrying 100,000 tons of crude, will be shipped at a discount of up to $18 per barrel, a price that is lower than Platts’ crude oil prices.
Read MorePrime Minister Announces Plans for $10-14 Billion Refinery Musadik Malik
Minister of State for Petroleum Dr Musadik Malik on Friday said that Prime Minister Shehbaz Sharif had announced to establish a refinery that would cost between $10 to $14 billion. Speaking at a news conference
Read MoreLESCO Fails To Achieve NEPRA-Determined 2 Percent Loss Reduction Target
Lahore Electric Supply Company (Lesco) has failed to achieve 2 percent loss reduction target that was determined by Nepra in its previous MYT, due to its inability of materialising Rs30 billion ADB funds for the AMI meter project, as the regulator approved Rs107.307 billion new five years investment plan for the company.
Read MoreLCCI Underscores Need For Macroeconomic Reforms
The Lahore Chamber of Commerce and Industry Wednesday called for macroeconomic reforms and policy changes in consultation with stakeholders for moving towards a path of sustainable economic recovery.
Read MoreDISCOS Regulator Asked To Freeze Capacity Payments
Senate Standing Committee on Power has asked National Electric Power Regulatory Authority (Nepra) to put capacity payment of Independent Power Producers (IPPs) on ice as Rs 1.2 trillion were paid as capacity payment during 2023.
Read More