CCoE gives approval for import of LNG
CCoE has instructed the petroleum division to move forward with the development of the LNG infrastructure needed to transport additional LNG from Port Qasim to Pak Land
SSGC, SNGPL to charge different tariffs for RLNG supply to domestic and industrial consumers
The management committee of SNGPL in a meeting decided to regularize enhanced loads of commercial and industrial consumers on condition they are prepared to bear the bills of enhanced loads to them at RLNG tariff
Govt will require to reduce borrowings from central bank, implement VAT under IMF programme: Report
According to official sources, the IMF will demand to attain a primary balance of budget into surplus, which is presently seeing a huge deficit
PM orders countrywide crackdown against gas theft
ISLAMABAD:Â Prime Minister Imran Khan on Tuesday ordered countrywide crackdown against gas theft, saying that gas worth Rs50 billion was being stolen annually...
Oil prices rise on OPEC output cuts, as U.S. sanctions bite
Analysts said markets are tightening amid voluntary production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and because of U.S. sanctions on Venezuela and Iran
Pakistan, IMF yet to agree upon specifics of reform agenda: Report
As per Finance Ministry spokesman Dr Khaqan Najeeb, discussions were ongoing with the IMF regarding energy financing flows, energy sector reforms, fiscal consolidation and debt profile
Pakistan expected to ink $12 billion investment deals with Saudi Arabia
Dawood said it was possible that an agreement for a $3 billion oil facility on deferred payments will also be signed during the Crown Prince’s visit
Non-berthing of PSO cargo reduces RLNG supply to 220 mmcfd: SNGPL
Total RLNG available was 600 MMCFD at this time and the weather condition at the port may become more severe by Tuesday and resultantly berthing of Pakistan LNG Limited upcoming cargo may get into difficulty
Balochistan received Rs23.9bn oil and gas royalty in five years
ISLAMABAD: Balochistan has been given Rs23.9 billion royalty on account of oil and gas during the last five years.
According to the official...
Mohmand Dam to be completed within five years, Senate told
'The proposed completion time was five years and eight months'
ISLAMABAD:Â Mohmand Dam will be completed within five years' time, as the latest...
Energy sector reforms imperative for economic sustainability: Sarwar
--Minister says existing oil refineries will have to reconfigure themselves in order to reduce the production of furnace oil
--says prices offered to...
Saudi Crown Prince’s visit to bring major investment in Pakistan
Saudi Arabia and its Gulf partner, the UAE, have already deposited $3 billion each in Pakistan’s central bank to help resolve a balance of payments crisis and shore up its declining rupee
ICSID admits Pakistan’s application for revision of award conferred in Karkey case
In October, the government of Pakistan (GoP) had sought the court to throw out the Karkey Karadeniz suit seeking to confirm an $846 million arbitral award stemming from a rental power project
FESCO initiates night operation against power pilferage
FAISALABAD:Â The task forces of Faisalabad Electric Supply Company (FESCO) have initiated night raids to detect power pilferage across the region.
The teams checked...
Govt urged to facilitate transportation of coal as demand increases
'Govt should provide a dedicated cargo rail track to connect Port Qasim with other cities, as it will minimise pollution and...