Author: Admin

Asian LNG Spot Prices Hit 20-Month Low on Weak Demand, Ample Supply

Admin
New-LNG

SINGAPORE: Asian spot liquefied natural gas (LNG) prices fell to a fresh 20-month low this week, pressured by subdued regional demand and plentiful supply, market sources said. The average LNG price for February delivery into Northeast Asia slipped to $9.50 per million British thermal units (mmBtu), down from $10/mmBtu last week, marking its lowest level since April 2024. Analysts attributed the decline to weak gas demand in key Asian markets. “Continued softness in Northeast Asian demand, firm Chinese pipeline gas supplies and strong renewable power generation in Japan have weighed…

Read More

PM Welcomes Australian Interest in Reko Diq, Mining Sector

Admin
Reko-Diq

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday welcomed Australia’s growing interest in Pakistan’s mining sector, describing the Reko Diq project as a landmark opportunity for mutually beneficial economic cooperation. During a meeting with Australia’s newly appointed High Commissioner to Pakistan, Tim Kane, the prime minister said Pakistan was fully prepared to harness the vast potential of its mining and minerals industry to deepen bilateral ties. He noted that Reko Diq reflected the scale of opportunities available for Australian investors and expertise. PM Sharif also highlighted prospects for collaboration in agriculture,…

Read More

Strategic PPL-Turkish Petroleum Partnership Catalyzes Record-Breaking Performance for Pakistan Petroleum Limited on PSXFor Immediate Release

Admin
PPL-logo

KARACHI, December 18, 2025 — Pakistan Petroleum Limited (PPL) has achieved a landmark valuation on the Pakistan Stock Exchange (PSX), following the successful completion of a strategic offshore exploration agreement with Turkish Petroleum Overseas Company (TPOC). The partnership, focused on the Eastern Offshore Indus Block C, has revitalized investor confidence and established PPL as a dominant leader in the energy sector’s growth during the first week of December. The transaction involved PPL transferring operatorship and a 25 percent interest to TPOC, while maintaining a significant 35 percent stake in the…

Read More

Pakistan’s Hydel Power Generation Hits Record High in November

Admin
Hydropower-Plan

Pakistan’s power sector achieved a historic milestone in November as hydropower generation surged to 3,153 GWh, marking a 10.2 per cent year-on-year increase and the highest-ever hydel output recorded for the month. The sharp rise in low-cost hydropower significantly reduced overall fuel costs, prompting power distribution companies to seek a negative fuel cost adjustment (FCA) of Rs0.72 per unit for consumers. Total electricity generation during November stood at 8,050 GWh, marginally higher than 8,032 GWh recorded in the same month last year. However, generation declined 19 per cent compared to…

Read More

Aptma Seeks Two-Month Waiver of Off-the-Grid Levy for Captive Power Plants

Admin
APTMA-logo

ISLAMABAD: Amid a worsening power crisis and a prolonged transport shutdown, the export-oriented industry has sought urgent government intervention, calling for relief measures to prevent further production losses and export setbacks. In a letter dated December 17, 2025, the All Pakistan Textile Mills Association (Aptma) appealed to Minister for Petroleum and Natural Resources Ali Pervaiz Malik to grant a two-month waiver of the off-the-grid levy on gas-based captive power plants for December and January. Aptma cited severe power supply disruptions caused by dense fog and system constraints, which have resulted…

Read More