Displeased over the continued absence of the federal power minister from its meetings, the Senate Standing Committee on Power on Tuesday once again deferred a key government bill and expressed concern over rising circular debt and ‘out-of-merit’ selection of directors to the boards of power sector entities. The meeting of the committee presided over by Senator Saifullah Abro took up…
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State-run gas utilities, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), have sought a massive increase in gas prices, ARY News reported on Tuesday. According to details, the gas companies have filed a petition with Oil and Gas Regulatory Authority (OGRA), seeking a massive increase in gas prices. SNGPL has asked OGRA to increase the prescribed…
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Four new exploration blocks in Balochistan have been provisionally awarded to Mari Petroleum Company Limited (MARI), Pakistan Petroleum Limited (PPL), and Oil and Gas Development Company Limited (OGDCL) by the Ministry of Energy’s Directorate General of Petroleum Concessions (DGPC). The E&P companies informed the Pakistan Stock Exchange (PSX) of this on Tuesday. “The Government of Pakistan has provisionally awarded four…
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Winters are approaching, in fact are there already. There is usually higher gas demand in winters due to heating and later heating requirements. Local gas supplies have been decreasing 10% per year. In the last few years, LNG filled quite some gap and used to be quite affordable. As is common knowledge, there is energy and especially gas crisis all…
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The Ministry of Energy’s Petroleum Division on Tuesday dismissed reports over an impending fuel shortage, terming the news “contrary to facts”. The ministry in a post on its Twitter handle informed that as of November 7, 2022, petrol stocks were around 550,000 metric tons (MT), which is sufficient for 21 days. “Diesel stocks are 438,000MT, adequate for 15 days, based…
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Two state-owned energy companies announced separately on Tuesday they’ll seek approval from their respective shareholders to subscribe to 33.3 per cent shares of Pakistan Minerals Ltd for taking part in the reconstituted Reko Diq project. The reconstituted project, which will excavate gold and copper reserves in Balochistan, has saved the country from an $11 billion penalty in the Reko Diq…
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Strife-torn Colombia was sharply impacted by the 2020 pandemic. The Andean nation’s economy contracted 7% while poverty, corruption, lawlessness and violence soared. Those events were indirectly behind a marked increase in the incidence of petroleum theft, which has grown significantly since 2016. Aside from the pandemic there are a wide variety of reasons for rapidly rising oil theft in Colombia.…
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The German government plans to spend as much as $82.8 billion (83.3 billion euros) on funding a planned cap on electricity and gas prices next year as it looks to help businesses and consumers with coping with high energy costs, Reuters reported this weekend, quoting a draft proposal it had seen. The proposed financing for energy price caps would represent…
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M/s Foundation Power Company Daharki Limited (FPCDL) has expressed willingness for an out of court arbitration with CPPA-G/ GoP with no obligation, liability or claim towards/ or by either party. This message has been conveyed by CEO/ MD FPCDL, Major General, Muhammad Junaid (retired) in a letter to Power Division. The Company had entered into a certain Master Agreement on…
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The National Transmission and Despatch Company (NTDC) has prepared plans to evacuate power from three key hydropower projects, i.e., Dasu Hydropower Project (stage-1, 2160-MW), Mohmand Dam, 800-MW, and Diamer Bhasha Dam, 4500-MW, well informed sources told Business Recorder. Total length of transmission line of Dasu hydropower project will be 254.5 km which requires 686 towers. Distance between Dasu project to 765…
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