You are here

Author: Admin

Nepra Notifies Rs1.23 Per Unit Refund, Grills Discos Over Security Deposit Hike

Admin
NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a Rs1.23 per unit negative fuel cost adjustment (FCA) for consumers of ex-Wapda distribution companies (Discos) and K-Electric (KE) in their current month’s electricity bills. For Discos, the negative FCA applies to electricity consumed in December, while for KE, it corresponds to consumption in November. However, Nepra’s Member Tariff Mathar…

Read More

European LNG prices are reaching levels that will hit demand, says Vitol

Admin
LNG prices

NEW DELHI: European prices of liquefied natural gas (LNG) are reaching levels that will start hurting demand, commodities trading firm Vitol’s Chief Executive Russell Hardy said on Wednesday at the India Energy Week conference in New Delhi. Global LNG: Asia spot prices gain amid Russia-Ukraine gas transit concerns He added that he does not see new policies in top producer…

Read More

Russia says it fully complied with OPEC+ oil deal in January

Admin
Russia

MOSCOW: Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so this month, Deputy Prime Minister Alexander Novak told reporters on Wednesday. He also said that Russia planned to keep steady or increase oil refining throughput this year. Russia processed 266.5 million metric tons (5.33 million barrels per day) of…

Read More

Turkish President Erdogan Arrives in Pakistan for Strategic Talks

Admin
Pakistan-Turkiye

ISLAMABAD: Turkish President Recep Tayyip Erdogan is set to arrive in Islamabad today for a two-day official visit at the invitation of Prime Minister Shehbaz Sharif. He will be accompanied by a high-level delegation, including ministers, senior officials, and business leaders, according to the Foreign Office. A key highlight of the visit will be the 7th Session of the Pakistan-Turkiye…

Read More

NEPRA Halts Security Deposit Hike, Slams DISCOs’ Justification

Admin
NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has deferred its decision on the proposed hike in security deposit rates for electricity consumers, pending a comprehensive audit of deposits collected by power distribution companies (DISCOs). During a heated public hearing, DISCOs faced strong criticism from NEPRA members and stakeholders over their push for a substantial increase in security deposit rates.…

Read More

OGRA Cracks Down on LPG Safety Violations

Admin
New-OGRA1

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has launched a crackdown against gas theft, illegal decanting, and the hazardous mixing of carbon dioxide (CO2) with Liquefied Petroleum Gas (LPG) across Punjab, Sindh, and Khyber Pakhtunkhwa. Taking serious notice of safety violations, OGRA deployed enforcement teams to identified locations to curb illegal practices, including substandard cylinder manufacturing. In Sindh, particularly…

Read More

Financial Advisers Appointed for Three Power Discos

Admin
Power project

ISLAMABAD: The Privatisation Commission has appointed financial advisers to oversee the divestment of Faisalabad, Gujranwala, and Islamabad power distribution companies (Discos) by the end of 2025. On Tuesday, the commission signed a Financial Advisory Services Agreement (FASA) with a consortium led by Alvarez & Marsal Middle East Ltd. The consortium includes International Consulting Associates (iConsult), Yousuf Adil Chartered Accountants, Vellani…

Read More

Pakistan urges global support for its $100 billion energy transition at World Governments Summit in UAE

Admin
$100 billion energy transition

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called for global support to meet Pakistan’s $100 billion energy transition needs as he addressed participants at the World Governments Summit (WGS) in the United Arab Emirates (UAE).The summit, being held in Dubai on Feb. 11-13 under the theme ‘Shaping Future Governments’, brings together a large number of heads of state/government, global policymakers,…

Read More

Bangladesh seeking long-term LNG deals, energy official says

Admin

. NEW DELHI: Bangladesh is looking for long-term liquefied natural gas (LNG) deals with exporting nations like Brunei, an advisor to the South Asian nation’s energy ministry said at the India Energy Week conference on Tuesday. Global LNG: Asian spot LNG slips on tepid demand, ample supply Muhammad Fouzul Kabir Khan also said the country is almost finalising its list…

Read More

OPEC takes long-term view of global oil markets, aims for stability

Admin
global oil markets,

NEW DELHI: Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al-Ghais said at the India Energy Week conference on Tuesday. The comments came after U.S. President Donald Trump repeatedly called on the producer group to increase oil production to help reduce prices. Iran urges…

Read More