The National Electric Power Regulatory Authority (Nepra) on Thursday reserved its judgement about Rs1.26 per unit additional charge to consumers on account of monthly fuel price adjustment and quarterly adjustment for April-June 2021. At a public hearing presided over by Nepra chairman Tauseef H Farooqui, the regulator took up two separate petitions of K-Electric (KE) for additional charge to consumers…
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In what appears to be increasing mess in liquefied natural gas (LNG) business, Pakistan on Thursday got one-day notice from Engro Elengy Terminal Limited (EETL) to give up its sovereign right to take over its ship and commit full “take or pay” for larger capacity as the government received more expensive bids for five LNG cargos in October and November.…
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The government will soon initiate the process to pay 40 percent as first installment to 12 IPPs installed under power policy 2002 as NAB has given its approval to law division, saying the government can proceed to this effect. “This development came on surface when the NAB gave its approval to the Law Division allowing the government to proceed to…
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Prime Minister Imran Khan has sought an explanation from the Petroleum Division in the wake of complaints from ministers for railways and maritime affairs over failure of Pakistan State Oil (PSO) to utilise services of state units for oil transport. During discussion in a cabinet meeting last week, the railways minister said that PSO had discontinued transport of POL products…
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With Rs9.6 billion extra cost due to shortage of Liquefied Natural Gas (LNG) in July, the National Electric Power Regulatory Authority (Nepra) on Wednesday finalised about Rs1.38 per unit increase in electricity rates for ex-Wapda distribution companies (Discos) for a month under the fuel cost adjustment (FCA). At a public hearing presided over by Nepra chairman Tauseef H. Farooqui, the…
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Pakistan has stepped up its oil and gas imports this year from last year as demand from its power sector increases amid more economic activities as coronavirus-induced restrictions are lifted, industry sources said. Any significant increase in imports typically push up prices for these fuels. So far in 2021 through September, Pakistan has imported at least 785,000 tonnes of fuel…
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Amid unending liquefied natural gas (LNG) difficulties, the country’s pioneer importer — Pakistan State Oil — did not get even a single bid for Oct 22-24 delivery window due to supply constraints in the international market. When contacted, a PSO spokesperson confirmed that the company was scheduled on Wednesday to technically qualify bidders for LNG supply, but did not receive…
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As the global economy emerges from the pandemic and commodity prices continue on a recovery path, it’s becoming increasingly evident that the oil and gas industry is standing on the precipice of something big. Scores of Wall Street punters have issued a generally bullish short-to-mid-term oil outlook despite the formidable headwinds posed by the pandemic. Even the normally conservative IEA…
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Less than 1% of hydrogen today is produced using renewable energy. “Green hydrogen” is made using 100% renewable electricity to split hydrogen from water molecules. For now, this is the only established way to produce hydrogen without emitting climate or air pollution. For hydrogen to have a role in our clean energy future, the first priority should be deploying green…
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A tree plantation activity was held at Hill Park of Karachi by the National Forum for Environment and Health (NFEH) under its campaign to increase green cover in the city during the current monsoon season. The NFEH joined hands with Hilal Foods, Hilal Care, and Hill Park Friends’ Group to do the plantation activity. Member of National Assembly, Saima Nadeem,…
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