Neelum Jhelum project’s power intake system completed

ISLAMABAD: The Power intake system of Neelum Jhelum Hydropower Project at dam site has been completed with the operationalisation of the third...

LNG is the future and only option to save foreign exchange for Pakistan: Iqbal Z Ahmed

By 2020, it is anticipated the country’s LNG imports will rise to 30 million ton

Engro needs a year for next LNG import terminal decision

Royal Dutch Shell, trading house Gunvor and local company Fatima are partners in Engro’s second planned terminal which would be located at Port Qasim with a Floating Storage and Regasification Unit (FSRU) vessel processing the gas

Oil up 1 percent on OPEC cuts, hopes of easing Sino-U.S. trade tensions

International Brent crude oil futures were up 66 cents, or 1.1 percent, at $61.84 per barrel

Saudi company ACWA to invest $4bn in Pakistan’s renewable energy sector

ISLAMABAD: Saudi power producing company ACWA Power on Sunday expressed its willingness to invest around $4 billion in Pakistan’s renewable energy sector. This...

ECC allows 150MW additional power supply to Karachi

Committee approves Rs1.8bn power subsidy for tribal districts ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday allowed an additional supply of 150MW power...

Power supply to reach 26,000MW by next year, PM told

ISLAMABAD: Prime Minister Imran Khan was informed on Wednesday that for the first time in the country’s history, the target of 23,000 megawatts...

Power Division claims zero shortfall despite noticeable power cuts

Spokesman says local maintenance problems cannot be termed as load shedding

Admore geared to continue impressive growth trend

A massive turnaround for Admore Gas (Private) Limited was planned and successfully executed in 2016, which included induction of highly qualified and...

TAPI Gas Pipeline project enters practical phase in Pakistan

The multi-billion dollars Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project entered its practical phase in Pakistan after the process of initiating front-end-engineering-and-design (FEED) route...

Ministry plans on bolstering RLNG supply to power plants

A secure payment plan is being sought for the supply of liquefied natural gas (LNG) to power plants that were not designated...

PM directs power ministry, heads of DISCOs to improve efficiency

ISLAMABAD Prime Minister Shahid Khaqan Abbasi Friday directed Ministry of Power and the heads of the power distribution companies (DISCOs) to come up...

Displeasure, warning, show cause notices to CEOs of DISCOs

ISLAMABAD: Perturbed over noncompliance of directions regarding accurate meter reading and consumer billing, Power Division Federal Minister Sardar Awais Ahmed Khan Laghari...

Oil prices reach two-year peaks, after North Sea pipeline fault

LONDON: Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline...

Oil prices fall, as dollar back-pedals decline

NEW YORK: Oil retreated late on Thursday as the U.S. dollar rebounded from early losses and strengthened, denting support for the latest...