Author: Admin

Pakistan to Start Selling Surplus LNG Internationally from January 1: Petroleum Minister

Admin
New-LNG

Petroleum Minister Ali Pervaiz Malik announced on Sunday that Pakistan will begin selling its surplus liquefied natural gas (LNG) in international markets from January 1, aiming to ease financial pressure and curb mounting losses in the gas sector. Speaking at a press conference in Lahore, the minister said Pakistan had been importing LNG from Qatar and Italy’s Eni, but reduced power sector consumption in recent months created an excess supply. As a result, the surplus gas was diverted to households, adding to circular debt and causing an estimated loss of…

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Govt Plans Utility-Scale Battery Storage to Stabilise National Grid

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New-Project70

ISLAMABAD: The government is advancing plans to deploy large, utility-scale Battery Energy Storage Systems (BESS) to stabilise the national grid, which is increasingly challenged by frequency fluctuations due to the rapid addition of intermittent renewable energy sources. In a written reply to the National Assembly on Friday, Power Minister Sardar Awais Leghari said the government is promoting private-sector investment in grid-scale BESS to manage renewable intermittency, improve demand optimisation, and enhance overall system stability. Responding to questions from MNAs, the minister also confirmed a policy shift away from imported LNG,…

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Pakistan Achieves 52% Clean Power, Aims for 90% by 2035: Leghari

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Awais-Leghari

Islamabad, December 6 — Federal Minister for Power, Sardar Awais Ahmad Khan Leghari, announced an ambitious shift toward a fully digital, transparent, and consumer-centric power sector while addressing the Asia Energy Summit organized by LUMS University. Leghari revealed that Pakistan aims to generate over 90% of its electricity from clean and green energy sources by 2035, a significant leap from the current 52% share of clean energy—a milestone he termed “historic.” Pakistan Emerging as Asia’s Fastest-Growing Solar Market The minister said Pakistan has already witnessed a ‘solar revolution,’ with citizens…

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Pakistan Cancels 45 LNG Cargoes from Qatar and Italy Under Long-Term Contract Adjustments

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New-LNG

ISLAMABAD– Pakistan has canceled the delivery of 45 liquefied natural gas (LNG) cargoes from Qatar and Italy scheduled through 2027, officials from the Petroleum Division confirmed on Friday. According to the details, Pakistan has withdrawn from receiving 24 LNG cargoes from Qatar that were planned for 2026. From Italy, only one cargo will now arrive in January 2026 instead of the originally scheduled 12, while 10 out of 12 shipments slated for 2027 have also been shelved. Officials clarified that Pakistan maintains long-term LNG supply contracts with both Qatar and…

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Ogra Revises Rs60bn RLNG Recovery Plan, Allows 24-Month Installments and Waives Surcharge

Admin
Gas-Tariffs

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has issued a revised determination on the recovery of Rs60 billion in RLNG price adjustments for the period April 2015 to June 2022, easing the financial burden on consumers by spreading payments over 24 months and waiving the late payment surcharge. Under the new plan, RLNG consumers — including the power sector, export-oriented industries, fertiliser manufacturers and CNG operators — will pay their respective shares of the Rs59.8 billion differential without any surcharge. Ogra added that in cases of genuine hardship, Sui…

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