KARACHI: The Oil and Gas Development Company Limited (OGDCL) has revived Jhal Magsi Gas project to increase energy production, a statement said on Monday. The gas processing plant, with a daily capacity to produce 13.7 mmscf process gas and 45 bbl/day condensate, will help mitigate escalating energy needs of the country. “The installation of this plant is a testament to…
Read More
LAHORE: Average utilisation rate of the operational solar photovoltaic (PV) plants is merely 19 percent in Pakistan, far from over 95 percent utilisation rate in China, the country that contributes nearly 87 percent of the total foreign investment in solar PV plants in Pakistan, a statement said on Monday. It was shared during a Chinese delegation’s visit to Pakistan China…
Read More
Islamabad-The ceremony to commemorate the energisation of the ±660 kV HVDC Matiari-Lahore Transmission Line CPEC project will take place today (Monday) at the HVDC Converter Station in Balloki and Khurram Dastgir Khan, the Federal Minister for Energy (Power Division) will be the chief guest at the event. This ceremony is part of the decade of CPEC celebrations. Pakistan’s first ±660…
Read More
ISLAMABAD: Pakistan will have to notify an increase in gas sale price by 45-50 percent and electricity base tariff by Rs3.50 to over Rs4 per unit for the FY2023-24 prior to the IMF Executive Board’s meeting, which is due on July 12. The increase in energy prices will pave the way for the $3 billion programme under the Stand-By Arrangement…
Read More
Islamabad – In a significant move towards meeting the country’s growing energy demands, Oil and Gas Development Company Limited (OGDCL), the leading exploration and production company in Pakistan, has revived Jhal Magsi Gas project. The state-of-the-art gas processing plant, with a daily capacity to produce 13.7 MMSCF process gas and 45 BBL/day condensate, will mitigate escalating energy needs of Pakistan.…
Read More
Pakistan has been grappling with persistent challenges in meeting the demand for natural gas, resulting from increasing energy needs, infrastructure limitations, and supply-demand gaps. Last year, domestic natural gas production in Pakistan experienced a decrease of approximately five per cent. Around 25pc of the country’s natural gas consumption is being met through imported LNG. The government’s provision of subsidised gas…
Read More
State minister says IT, agriculture, mining sectors key areas of interest ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Sunday said that the Kingdom of Saudi Arabia and the United Arab Emirates were taking a keen interest in Pakistan’s information technology, agriculture and mining sectors. The KSA planned to fix $24 billion in funds for investment purposes, while the…
Read More
Renewables to generate 81% of the country’s electricity by 2030 MADRID: Spain will double its 2030 biogas and green hydrogen production targets and raise its wider energy and climate ambitions, a draft of the government’s climate strategy showed on Wednesday. The new plan includes higher goals for solar and wind power as well as energy storage and other initiatives. Energy…
Read More
Discover why Pakistani elites must mend their ways to avoid irreversible consequences. Join the conversation on our blog for insights on securing a better future before it’s too late.
Read More
