ISLAMABAD: The government is considering redirecting surplus gas from the Kandhkot field to the power and fertiliser sectors, as utilisation drops at Genco-II. Pakistan Petroleum Ltd (PPL) has reported underutilisation of gas from the field, with remaining recoverable reserves of 428 billion cubic feet as of June 2025. The Kandhkot field’s production potential is 150 million cubic feet per day, with a 13% annual decline rate. The Power Division seeks separate gas allocation and a revised agreement with PPL for Guddu 747, on the privatisation list, citing low capacity utilisation.…
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US to West’s energy watchdog: scrap net zero focus or we’ll quit
PARIS: US Energy Secretary Chris Wright gave the International Energy Agency on Thursday a one-year deadline to scrap its support of goals to reduce energy emissions to net zero or risk losing the United States as a member.European countries played down the threat at the agency’s biennial meeting and restated their commitment to pursuing cleaner fuel.In 2015 the US and nearly 200 other countries signed the Paris Accords, an international pledge to limit global warming by burning less oil, gas and coal, with a goal of reaching net zero greenhouse…
Read MoreSolar Industry Rushes to Drip Silver, Embrace Copper as Costs Skyrocket
LONDON: The solar panel industry is speeding up its shift away from silver, a costly key component, as prices surge 130% over the past year, pinching margins amid China’s production glut. “Silver is the biggest contributor to rising solar panel costs,” said JK Renewables’ Derek Schnee, noting panel prices jumped 7-15% in 12 months. Silver paste accounts for 30% of solar cell costs. With prices peaking at $121.64/ounce in January, manufacturers are hunting alternatives like copper ($77/ounce now). LONGi Green Energy is advancing copper tech, eyeing April-June mass production. “Leading…
Read MoreIndus Waters Treaty Remains Effective, Says Pakistan, Backed by Hague Court
ISLAMABAD: Pakistan has reiterated that the Indus Waters Treaty (IWT) with India remains fully operational, a stance endorsed by the Hague-based Court of Arbitration (CoA). This comes after India claimed the treaty was put in abeyance. Secretary Ministry of Water Resources Syed Ali Murtaza stated that Pakistan’s position has been supported by the CoA, which affirms the treaty’s effectiveness and India’s obligations. The treaty covers hydropower matters, with the Indus Water Commission currently operating under an additional charge due to a vacant commissioner post. The Senate Standing Committee on Water…
Read MoreOGDCL Discovers Gas and Condensate in Sindh, Boosting Pakistan’s Energy Supply
Islamabad: The state-owned Oil and Gas Development Company Ltd (OGDCL) has announced a significant gas and condensate discovery at its Dars West-3 well in Tando Allah Yar, Sindh. The well is producing 9.70 million standard cubic feet per day of gas and 580 barrels per day of condensate, with pipeline laying underway to connect it to the KPD-TAY processing plant. This discovery confirms the hydrocarbon potential of the Lower Goru Formation in the Dars West area, strengthening OGDCL’s resource base and supporting Pakistan’s energy security. The produced gas will be…
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