The management of Sui Southern Gas Company (SSGC) has issued a stark warning, stating that the company faces financial peril if gas prices are not increased promptly. During a public hearing conducted by the Oil and Gas Regulatory Authority (Ogra) on Monday, SSGC requested a price hike of Rs274.40 per million British thermal units (mmBtu) effective from July 1, 2024,…
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PARIS: While climate discussions often focus on reducing carbon dioxide (CO2), the attention will now shift to methane emissions, a potent greenhouse gas, at a global forum in Geneva this week. Methane, though short-lived, plays a crucial role in heating the planet and is a key target for countries aiming to quickly reduce emissions and mitigate climate change. The leakage…
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ISLAMABAD: The Central Power Purchasing Agency (CPPA) has proposed a Rs5 per unit increase in fuel cost adjustment (FCA) for upcoming electricity bills, seeking to generate an additional Rs35 billion for ex-Wapda Distribution Companies (Discos). The National Electric Power Regulatory Authority (Nepra) has scheduled a public hearing on March 28 to discuss this proposed hike. The increase in FCA is…
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The Pakistan Solar Association (PSA) has clarified that no order has been issued by the Director-General of Trade Organisations (DGTO) or any other authority to suspend its activities or cease its operations.PSA Chairman, Amir Chaudhry, in a statement issued in response to certain news reports taking rounds on the reported revocation of the association’s license, clarified that the directives in…
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The Private Power & Infrastructure Board (PPIB) has reached out to K-Electric (KE) for an update on the procurement process for the development of a 330MW Mine-Mouth coal-fired project at Thar Coal fields. KE was requested to initiate and complete grid interconnection and load flow studies within four weeks, but no progress has been shared with PPIB yet. KE proposed…
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Prime Minister Shehbaz Sharif has instructed the Petroleum Division to organize a signing ceremony for refinery upgrade agreements under the Brownfield Refinery Policy, with his presence. This decision came during a recent energy sector meeting chaired by the Prime Minister. The Petroleum Division has initiated discussions with refineries for the ceremony. The amended oil refining policy, approved by the Cabinet…
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Iran has recently finalized contracts worth billions of dollars with domestic companies to enhance its oil production despite Western sanctions. The deals, considered Iran’s “biggest oil contracts in the past decade,” aim to increase daily oil output by 350,000 barrels per day, according to Shana, the official oil industry news agency. In a ceremony broadcasted on state TV, Iran’s oil…
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A high-level delegation from the European Union (EU), led by European Commission President Ursula von der Leyen and joined by leaders from Austria, Belgium, Cyprus, Greece, and Italy, visited Egypt to announce a significant financial package totaling 7.4 billion euros. The deal, aimed at enhancing energy trade and addressing irregular migration flows to the EU, includes various components such as…
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Sui Southern Gas Company (SSGC) Limited has formally approached the Oil and Gas Regulatory Authority (OGRA) to endorse an escalation in gas tariffs for consumers in Sindh and Balochistan. According to sources, SSGC has lodged a formal request with OGRA, urging for a further increase of Rs274.40 per MMBTU, effective retrospectively from July 1, 2024. The company’s objective is to…
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Prime Minister Shehbaz Sharif made a significant cabinet reshuffle on Sunday, appointing Sardar Awais Ahmad Khan Leghari as the Minister of Power, replacing his previous role as Minister of Railways. A notification issued by the Cabinet Division disclosed the change, indicating that Musadik Masood Malik, who recently assumed the additional portfolio of Power, would be succeeded by Leghari. The cabinet,…
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