The dry-docking in peak summer season will cost state-run energy companies and consumers around $40 million. In addition to the hefty price, the country is also facing an energy crisis if the Engro LNG terminal goes on dry docking after June 30, 2021. Sources said that the oil and gas companies had informed the government that consumers would be facing…
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The government is going to introduce a new car financing scheme with a lower interest rate of 5 to 6 per cent to facilitate customers who are unable to buy a car after major price hikes during the past few years. According to an official at the ministry of Industries and Production, the government is interested in facilitating the customers…
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Pakistan’s electricity demand has soared to 20 percent of which the industrial demand alone has increased by 12-13 percent, which may lead to high economic growth. The Federal Minister for Energy Muhammad Hammad Azhar said this during a meeting with the U.S. Embassy’s Chargé d’ Affaires, a.i. Lesslie Viguerie here on Monday. Secretary Power Division Ali Raza Bhutta, Daniel Froats,…
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Amid gas shortfalls affecting power supplies at the peak of summer, emergency meetings are being arranged at the highest level to facilitate later this month dry-docking of floating LNG terminal of Engro that has blamed the government entities for creating the mess. This is happening at a time when the hydropower system has its natural constraints, local gas fields require…
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The prices of the Liquefied Petroleum Gas (LPG) have been raised in the country for the third time within a span of four days as distributors have announced a nationwide strike against the decision on June 30, ARY NEWS reported on Tuesday. The Oil and Gas Development Company Limited (OGDCL) announced an increase of Rs6.09 per kilogram in the prices…
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Engineering feasibility study and the environmental impact assessment of 300-megawatt Balakot hydropower development project have been completed to get the project into the next phase of construction, The News learnt on Tuesday. Hagler Bailly Pakistan and a Portuguese engineering consultancy AQUALOGUS in association with Zeeruk International Pvt. (Pakistan) carried out the preparatory works of the project located on the Kunhar…
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The Pakistan Petroleum Limited (PPL) has made a maiden offer to sell 3mmscfd (million standard cubic feet per day) wellhead raw gas from its Naushero Feroz Block for sale to the third party, an official document suggested. The NF Hor-1 well is one of the deepest and longest horizontal wells in tight gas reservoirs drilled in Pakistan. It is also…
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Circular debt, a very heated debate among economists of Pakistan, is becoming a colossal issue on every coming day. It is cross-indebtedness of parties in the energy supply chain, a situation in which every party in the circle is both a debtor and a creditor owing to the cash recovery problems of the party lying at the bottom of the…
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In the wake of worsening gas crisis in the country, Sui Southern Gas Company (SSG) on Monday announced to suspend gas supply to Compressed Natural Gas (CNG) filling stations across Sindh for an unidentified period from 22nd of June, ARY News reported. According to a spokesperson of Sui Southern Gas Company (SSG), gas supply to CNG stations in Sindh will…
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Dulce Ortiz teared up during a virtual press conference as she recalled the family dinners and birthday celebrations she’s missed because of her dedication to the seemingly endless campaign to close the coal-fired power plant in Waukegan, Illinois. The surprise announcement on June 17 that the plant will close in 2022 was bittersweet for Ortiz and other members of the…
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