KARACHI: Various industrial areas in the city are facing severe low gas pressure despite the federal government’s assurance of uninterrupted gas supply in winter, heads of industry associations said on Tuesday. President SITE Association of Industry Abdul Hadi said the area is still deprived of consistent and committed gas pressure due to which many industrial pockets are struggling to meet…
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The project agreements for construction of Azad Pattan Hydropower Project, under the China-Pakistan Economic Corridor (CPEC), were signed on Tuesday. With an investment of over $1.35 billion and 700.7 megawatts of electricity, the Azad Pattan Project involves no fuel import and will enable the country to move towards cheaper and greener power generation. The agreements, including the implementation agreement and…
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ISLAMABAD: Pakistan on Tuesday started loading fuel to the 1,100MW nuclear power plant in Karachi for testing in run-up to its commercial operations in April 2021 while the Azad Jammu and Kashmir government signed agreements with a Chinese company for construction of a 700MW hydropower project. A spokesperson for the Pakistan Atomic Energy Commission (PAEC) said fuel loading for the…
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ISLAMABAD: Power Division has requested National Electric Power Regulatory Authority (NEPRA) to revise industrial power tariff and abolish Time of Use (ToU) charges in accordance with the decisions of ECC and CCoE. The government took decision to lower tariff for the industrial sector despite finance adviser’s warning that provision of superfluous subsidies in power sector can create hurdles in release…
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The outlook for the upstream industry has rarely looked so uncertain. After two oil price crashes in five years, market and price risks are at their highest in decades. And upstream spend in 2020 is set to be at its lowest in 15 years. The energy transition and the economic fallout from coronavirus will only make capital allocation decisions that…
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ISLAMABAD: The government on Monday increased prices of High Speed Diesel (HSD) and Liquefied Petroleum Gas (LPG) by 3.94pc and 1.48pc, respectively, with immediate effect. However, by reducing some taxes it kept prices of petrol, kerosene oil and light diesel oil unchanged for the next 15 days, according to an announcement made by the ministry of finance. As such, the…
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Islamabad-The highest gas wellhead prices and LPG margins in the region is making Pakistani gas more expensive for the consumers. The wellhead prices of domestic gas and margin on LPG is higher respectively 33 per cent and 26 per cent than the regional countries, data available with The Nation reveals. The government seems to be focusing more on LNG prices…
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How are the oil-rich countries of the Persian Gulf, usually called the GCC countries, coping with the current pandemic crisis and other growing global pressures? The common assumption tends to be that with their fabulous wealth from floating for decades on seas of oil and gas the emirates and kingdoms of the region will all get through and overcome all…
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Amid strong opposition from key stakeholders, the Cabinet Committee on Energy (CCOE) led by Minister for Planning and Development Asad Umar has put on hold the unbundling of two gas utilities — Sui Northern Gas Pipelines Ltd (SNGPL) and Sui Southern Gas Company Ltd (SSGCL) — until a comprehensive, feasible and time-bound road map for gas-sector reforms is available. He…
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ISLAMABAD: The Ministry of Energy Petroleum Division Friday issued a press release, clarifying its position regarding reports, circulating in the print and electronic media, posing serious questions about the LNG import “based on selected data”. The release said the Petroleum Division would like to respond to the questions in the backdrop of legal and contractual issue of LNG import. The…
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