In race to fill LNG supply gap, project goalposts have changed
But projects have struggled to find off-takers as the world’s biggest buyers in Japan and South Korea seek nimbler terms while others such as India and Pakistan are less creditworthy
Oil prices rise by 1 percent after Saudi announces December supply cut
The announcement came after crude prices declined by around 20 percent over a month, as supply has surged, especially by the top-three producers the USA, Russia and Saudi Arabia
ECC meeting to discuss gas management plan today
Domestic gas’s average cost comes to around Rs630 per million British Thermal Unit (MMBTU) against Rs1,350 of imported LNG
PTI govt likely to decrease profit margins for power plant owners
High profit margins have resulted in increased power tariffs, circular debt: sources
Thar 660MW lignite coal power plant all set to become operational by Jan 2019
‘It’s time we start working in the direction to produce gas through coal’, says Sindh Engro Coal Mining Company's CEO.Â
GE shares tumble below $9 as JP Morgan analyst cuts price target
GE shares, which were booted from the blue-chip Dow Jones Industrial Average earlier this year, have now slumped some 50 percent in 2018 alone
Oil falls 1 percent, U.S. crude on longest losing streak since 1984
Brent slumped about 3.6 percent for the week and more than 15 percent this quarter
Pakistan’s wind, solar energy production to be doubled by 2022
ISLAMABAD:Â The priority projects in the energy sector under China Pakistan Economic Corridor (CPEC) would help Pakistan optimize the energy structure and reduce...
Oil prices fall into bear market on rising supply, economic concerns
Both Brent and WTI have declined by around 20 percent from the four-year highs they reached in early October
Petroleum division to submit plan for mitigating gas crisis in Punjab
Petroleum Division wants the government to permit SNGPL to provide re-gasified LNG through its transmission system to domestic and commercial consumers provided the Oil and Gas Regulatory Authority (OGRA) permitted the volume adjustment and financial impact on a cost neutral basis
IMF expresses worry over energy deals reached under CPEC
The variation of $9 billion could create problems in making accurate projections linked to future CPEC related outflows, said sources in the Ministry of Finance
K-Electric should clear its books, ledgers, for sale go-ahead
The committee was told due to the ongoing dispute there was no power purchase agreement between KE and Central Power Purchase Company (CPPC)
Oil drops on Iran sanction exemptions, economic concerns
International Brent crude oil futures were down 28 cents, or 0.4 percent, at $72.89 a barrel
Industries in dilemma, as dispute arises over rates of subsidized gas supply
According to the memorandum, the cabinet decision came into effect on October 16th instead of September 27th, when the federal government gave go-ahead to new gas rates which have been opposed by Aptma
Oil industry seeking foreign currency exposure to be included in pricing of petroleum products
During the meeting last week, the oil industry had put forward the case for a continuation of 7.5% deemed duty on diesel refining and rise to 9% despite the Senate standing committee on petroleum order to scrap the deemed duty