The federal government drew the ire of its political rivals on Saturday after it raised the price of petrol by Rs10.49 per litre and that of high speed diesel (HSD) by Rs12.44 per litre. According to a notification issued by the Finance Division, the new price of petrol, effective from Oct 16 (today), is Rs137.79 per litre while high speed…
Read More
By Dr. Shahid Rahim The writer is a freelance consultant specializing in sustainable energy and power system planning and development. He can be reached via email at: msrahim@hotmail.com NEPRA has recently issued its flagship annual State of Industry Report 2021 (“SIR21”). The purpose of such reports generally is to provide an overview of the regulated business, summarize the major developments…
Read More
Good things tend to happen to the global economy when copper rises and bad things when its price falls on global metal exchanges. That is why Wall Street lore has given copper a PhD in macroeconomics; because its price trends predict turns in the global economic cycle ahead of time, making it a rare leading indicator. Since it is used…
Read More
ussia plans to boost the production of liquefied natural gas (LNG) to 140 million tonnes per year by 2035 and take 20% of the global market, President Vladimir Putin said on Wednesday. “By 2035, we expect to increase the LNG production in Russia to 140 million tonnes per year, as well as strengthen our position in this dynamic market, occupying…
Read More
During a virtual conference entitled, ‘Biogas: Driving the transition from fossil to green’ – hosted by the World Biogas Association and the World LPG Association, – bio-liquefied natural gas (bio-LNG) and its role in the maritime industry was discussed by Benoit Duee, Commercial Director at FOSMAX LNG. As countries across the globe take aim at reaching Paris Agreement targets and…
Read More
In a major development, the government has decided to enter into long-term government-to-government agreements for LPG supply and to this effect, the gas companies, Sui Southern and Sui Northern, have been asked to develop their stakes in the LPG cylinders market. “Yes, we have decided to have sustainable LPG supply in the country knowing the fact that the load gas…
Read More
China’s decision to build more coal plants is a setback for climate action, but analysts say it could still meet its long-term emission reduction targets and may even have scope to raise its ambition at Cop26 in Glasgow. In recent days, Beijing has announced a buildup of coal capacity to address the most severe power cuts in a decade, which…
Read More
The Ministry of Energy Tuesday gave a detailed briefing to the Senate’s Standing Committee on Petroleum about the situation of gas supply especially during the peak winter season, shortages of the commodity and the measures taken by the authorities concerned to tackle the gas demand-supply gapISLAMABAD, (UrduPoint / Pakistan Point News – 12th Oct, 2021 ) :The Ministry of Energy…
Read More
Global RLNG traders have shown no interest in supply of liquefied natural gas (LNG) for December and January 2022 due to delay in inviting tenders, Ghiyas Abdullah Paracha, CEO of Universal Gas Distribution Company (UGDC) and Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) told Business Recorder. Pakistan LNG Ltd (PLL) did not receive any offers in a tender…
Read More
The government has reportedly agreed to pass the withheld determined power tariff increase of Rs 1.39 per unit to consumers in phases, well informed sources told Business Recorder. This understanding has reportedly been reached between Pakistani authorities, International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB). The sources said Finance Minister Shaukat Tarin, who is reaching Washington for talks…
Read More
