Asian LNG prices slip, but plant outages limit losses
Spot prices for March delivery to Asia LNG this week slipped to $8.20 per million British thermal units (mmBtu), down 10 cents from the previous week, trade sources said
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
Oil import bill grows by around 15% to $7.6 billion in July-December FY18-19
According to PBS data, imports from approximately all of the categories leaving agricultural and petroleum groups contracted in the first half of current FY18-19
‘Pakistanis spent 515 hours without electricity in FY2016-17’
NEPRA report says as many as I65 incidents of power outages occurred during the period with a financial impact of Rs2.5m per incident
ISLAMABAD: The...
Govt working to increase renewable energy share to 30% by 2030: Power Minister
Mr Khan briefed the Ambassador regarding initiation of smart meter projects in various distribution companies and invited the Chinese investors for manufacturing the same in Pakistan
Power generation fell by 0.6% YoY during December 2018
However, the share of furnace oil (FO) based generation exhibited a significant decline to 12.1% from 29% in December 2017
Record U.S. crude production weighs on oil prices
International Brent crude oil futures were down 34 cents, or 0.6 percent, at $60.98 per barrel
Russia willing to invest $2 billion in Pakistan’s water and power projects
The firm has expressed interest in investing in water and power projects which include 7,100MW Bulji, 2,200MW Tangus, 800MW Mohmand Dam, 52MW Nauseri and 2,800MW Yulbo projects
Distribution companies seek 63 paisa per unit power tariff hike
NEPRA has called a hearing on 23rd January to consider the proposed adjustment for December 2018
ISLAMABAD: Power distributing companies (DISCOs) have asked...
Cumulative output of Port Qasim power plant exceeds 7.5 billion kWH
The tariff of Port Qasim power plant is below the average tariff level in Pakistan
Oil slides on China trade slump, but crude imports remain high
International Brent crude oil futures were at $59.91 per barrel at 0403 GMT, down 57 cents, or 0.9 percent from their last close
China requested to remove 1320MW power project from CPEC
Also, hundreds of other schemes coming under the ambit of the Public Sector Development Programme (PSDP) will also be shelved
US warns German firms of possible sanctions over Russia pipeline
BERLIN: The US ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that...
Saudi Arabia to set up $10 billion oil refinery in Pakistan
Pakistan wants to attract investment and other financial support to tackle a soaring current account deficit caused partly by rising oil prices
Saudi energy minister says oil market on ‘right track’
ABU DHABI: Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly...