Hoegh LNG pulls out of Pakistan LNG import project
LONDON:Â Shipping company Hoegh LNG on Friday cancelled a deal to provide a floating import terminal for a liquefied natural gas (LNG) project...
Rising LNG imports could spark imminent closure of domestic oil refineries
KARACHI: Amidst rising liquefied natural gas (LNG) imports, local oil refineries are affront with a crisis, that not only threatens to destabilize...
Pakistan receives first LNG shipment from Nigeria
ISLAMABAD: A cargo shipment carrying 70,000 tons of Liquefied Natural Gas (LNG) from Nigeria arrived on Friday at Floating Storage and Regasification...
Head of power sector entities asked to ensure timely completion of ongoing projects
ISLAMABAD: Power Minister Chaudhry Abid Sher Ali has directed the heads of power sector entities to complete their ongoing projects well before...
Chinese company plans to invest $9bn in KE by 2030
ISLAMABAD: Shanghai Electric Power Company (SEPC) Chairman Yundan Wang said on Friday that his company was planning to invest $ 9 billion...
ECNEC approves over Rs211bn power, social sector projects
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) Friday approved worth Rs 211.691 billion development projects including Rs 43.99 billion...
Investors meet PM, discuss setting up LNG terminal
ISLAMABAD: A consortium of private investors called on Prime Minister Shahid Khaqan Abbasi at Prime Minister’s Office on Friday and discussed a...
CDWP set to take up heavy agenda of projects worth billions of rupees
ISLAMABAD: Central Development Working Party (CDWP) is all set to take up a heavy agenda on Monday to approve 31 key projects...
Prime minister hails Mari Petroleum
ISLAMABAD: Prime Minister Shahid Khakan Abbasi during his visit at the closing session of Annual Technical Conference (ATC) and Oil Show 2017...
Russia remains biggest supplier of crude oil to China
BEIJING: Russia held its position as China’s top crude oil supplier for the eighth month in a row in October, customs data...
US crude oil touches two-year highs, as supplies tighten
SINGAPORE: U.S. crude oil hit fresh two-year highs on Friday, as the shutdown of a major crude pipeline from Canada to the...
Loadshedding could rise, as power crisis expected to worsen
ISLAMABAD: The governments promise of ending power outages seems farce as reduction in gas supply caused power plants generating 3,000MW of electricity...
Govt requests third extension for Dasu Dam deadline
LAHORE: The government has requested the World Bank for extending the 2,160 MW Dasu Dam deadline for the third time to utilise...
PM urges foreign firms to avail exploration opportunities in Pakistan
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday urged the foreign companies to exploit the vast exploration opportunities in Pakistan as the...
Oil companies warn for halting operations to produce POL products
KARACHI: Almost all the oil refineries including Byco and Parco in Pakistan warned the government to stop production of Furnace Oil in...