In the fight to curb climate change, several major coal-using nations announced steps on Thursday to wean themselves at times slowly off the heavily polluting fossil fuel. The pledges to phase out coal came on top of other promises made at the UN climate summit in Glasgow, Scotland, that the head of an international energy organisation said trimmed a few…
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The utility is interested in short- and medium-term supply deals, in addition to the long-term contracts for LNG volumes it currently has with producers in six countries, including the US, Atsunori Takeuchi, senior general manger of LNG optimization and trading, said in a video address to the World LNG & Gas Series Americas Summit & Exhibition in Lake Charles. Tokyo…
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Sindh Minister for Energy Imtiaz Shaikh on Tuesday said that gas crisis in the country has intensified, while the federal government has no capacity to import RLNG to mitigate the forthcoming challenges. Addressing a press conference at Sindh Assembly, he said that federal government is not capable to do anything good for the people. The country is bound to face…
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Sindh Governor Imran Ismail along with United States Consul General, Mark Stroh on Wednesday inaugurated the 220 kV grid station Jhimpir-I. This investment from the United States would add 780 megawatts (MW) clean energy generated by wind power plants to the national grid of Pakistan, he said. The Governor Sindh, while appreciating the cooperation and financial support extended by USAID…
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In a new development, the government-owned company Pakistan LNG Limited (PLL) has again asked the private sector to import LNG for December, January and February amid high spot prices by using its unutilized re-gasification capacity in the range of 240-385 confirming the bitter fact that the country is going to have a massive shortfall of gas. This is the second…
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Prime Minister Imran Khan on Wednesday announced a Rs120 billion relief package providing subsidy on essential food items but warned people of another increase in petroleum prices in the near future. In an address to the nation, the prime minister promised to reduce prices of food items by 50 per cent if the opposition leaders’ families brought back even half…
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According to Petroleum Division, during the first meeting of expert panels of the China-Pakistan Subgroup on Cooperation in the Oil and Gas Sector, both sides agreed that the China Petroleum Planning and Engineering Institute, along with an expert panel of the Ministry of Energy (Petroleum Division) and its organizations /Companies shall jointly study and prepare the Development Plan for Pakistan’s…
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Political as opposed to economic compulsions of a sitting government are understood only by those who have been in government – a reality rudely brought home to Prime Minister Imran Khan after his 2018 electoral win. This has been acknowledged by the Prime Minister in public statements, maintaining that he and his team were inexperienced, though half of the members…
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With cancellation of LNG cargoes which were due in the country after November 19 and failure in arranging eight LNG cargoes for December and January, the gas crisis will certainly touch a new high in the peak winter season and this situation has virtually rung the alarm bells for the industrial sector. Now the government is making its mind to…
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The government has so far released funds amounting to Rs1,624.770 million to execute seven ongoing and six new petroleum-related projects under the Public Sector Development Programme (PSDP 2021-22) aimed at accelerating oil and gas exploration activities and achieving self-sufficiency in the energy sector. According to the official data as of September 3, an amount of Rs1,624.770 million has been authorized/disbursed…
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