The PD in a statement said, “Ignoring the fact that spot LNG prices are always higher in winter given global demand and supply dynamics. Comparing a spot price in a high winter month with term price is totally irrational.” PD said that if one wants to compare prices, it should be made for a full year that includes all seasons.…
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LAHORE: Creating jobs should be the top priority of this government. Poor governance has been the main hindrance in job creation as investors need strict adherence to rules and regulations that are regularly flaunted. Good governance must start from the top. If the ruling elite strictly followed rules, governance would automatically improve. The man at the top should give a…
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ISLAMABAD: Prime Minister Imran Khan has emphasised the importance of energy sector for the economy, and stated that it was the government’s responsibility to meet the energy requirements of all sectors. The prime minister made these remarks while chairing a meeting to review the energy sector on Monday, and received a detailed briefing on the current situation of the energy…
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KARACHI: SSGC has once again reiterated that the only GSA signed between SSGC and KE was for 10 mmcfd and despite less gas being injected into SSGC’s system from the gas fields, regardless of the season, SSGC has always provided much more gas to KE than the GSA allocated amount so as to avert power outages in the city of…
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ISLAMABAD: Special Assistant to Prime Minister Special Assistant on Power Tabish Gauhar said on Monday that domestic and agriculture consumers are being provided a subsidy of Rs 450 billion per annum which is not sustainable. He was addressing a session on National Electricity Policy 2020, to be submitted to the Council of Common Interests (CCI) for final approval. “Industrial and…
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Pakistan International Airlines (PIA) resumed its flight operation from Saudi Arabia on Monday to bring back Pakistanis willing to leave the Kingdom. A PIA spokesman said that Saudi Arabia had announced suspension of all international flight services on 21st of this month, as part of precautions to avert any possible spread of Covid 19. However, in view of the existent…
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China’s Shangai Electric Power (SEP) has expressed a commitment to complete transaction of K-Electric within six months subject to resolution of issues. A meeting, chaired by the minister for privatisation and minister for energy, was held in the second week of the ongoing month on the way forward on issues related to the transfer of K-Electric shares to SEP. Officials…
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The short answer is: all of us. Doubtlessly, climate change is caused majorly by the oil corporations. However, taking refuge in this mindset that the powerful and rich oil companies are causing this and we all are somehow innocent is a fallacy. It is quite therapeutic, yet self-deceptive, to view oneself as rather the victim instead of the participant in…
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The last few weeks media has been buzzing with allegations and counter-allegations about import of LNG. Both Dawn and Geo have put a figure of $200 milliom as losses due to delay in procuring LNG. Geo went further and put a figure of $122 billion losses incurred by the PTI government due to this delay and other decisions. The debate Friday night…
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Islamabad : There was a broad consensus among key stakeholders during a consultative meeting on the need for checking coal-based power generation in the country and diverting 60 per cent of the total energy mix to renewable energy by 2030. The meeting was held at the Institute of Policy Studies to discuss IPS study on ‘barriers surrounding distributed generation’ with…
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