Asia’s surging gas demand opens opportunity for LNG projects
NUSA: Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for...
Govt terminates ADB sponsored AMI meter scheme
ISLAMABAD: Pakistan has refused to go-ahead with Asian Development Bank supported $5 billion drive of installing Advanced Metering Infrastructure (AMI) meters across...
Govt gives go-ahead for IGA with Italy, Oman for LNG import
ISLAMABAD: The government on Tuesday gave go-ahead to inking of inter-governmental agreements (IGAs) with Italy and Oman for import of liquefied natural...
CPPA-G conversion to independent power operator to be decided in March
ISLAMABAD: Process for conversion of Central Power Purchasing Agency-Guarantee (CPPA-G) from its current role of billing and financial agent of distribution companies to...
Progas shareholders ordered to deposit $553,000 security payment for case revival
LONDON: A British Court on Friday ordered shareholders of defunct liquefied natural gas company Progas Pakistan to submit a $553,000 security payment...
Oil prices rise, as global stock markets bounce back
SINGAPORE: Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week.
U.S. West Texas...
Govt approves laying of gas distribution networks to woo voters
ISLAMABAD: To gather voter traction, the government in lieu of approval of over 100 gas supply schemes, lifted the ban on laying...
PPIB gives approval to Oracle Power for 700 MW coal power plant in Thar
KARACHI: Oracle Power has been given go-ahead by Private Power and Infrastructure Board (PPIB) for establishing a 700 MW coal-fired power plant...
Increase in petroleum prices due to hike in international market: Ministry of Petroleum
ISLAMABAD: Ministry of Petroleum on Monday informed the Islamabad High Court (IHC) that the government has increased the price of petroleum products due...
Rising oil prices a bad sign for economy: BMP
LAHORE: Chairman Businessmen Panel (BMP) Mian Anjum Nisar has said that Pakistan’s economy will most likely be faced with tougher challenges in...
Petroleum production increases by 11.62pc
ISLAMABAD: The production of petroleum products witnessed 11.62 per cent increase during the first five months (July-November) of the current fiscal year as...
Donor agencies allegedly bribe govt high ups to enforce secret agenda
ISLAMABAD: The leading donor agencies are sending high officials on foreign tours in order to safeguard and promote their vested agenda in...
Oil slides towards weekly loss on excess supply worries
LONDON: Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as...
Global oil prices for sixth consecutive day, as US output hit record highs
TOKYO: Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit...
Joint audit study fails to evaluate quantum of losses in Qatar LNG deal
ISLAMABAD: A Joint Audit Special Study carried out to investigate the multi-billion-dollar LNG gas deal signed by Pakistan with Qatar has failed...