Month: February 2020

ISLAMABAD: Amid a modest rise in liquefied natural gas (LNG) imports by Asia, Pakistan has ranked among the top three countries in South Asia, which recorded 19% increase in imports in the year 2019. Also notable was the LNG demand growth in South Asia. In total, Bangladesh, India and Pakistan imported 36 million tonnes, an increase of 19% over the previous year, pointing to the emerging growth of countries in Asia, according to Shell’s latest annual LNG Outlook published on Friday. According to the outlook, global demand for LNG grew 12.5%…

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Recovering prices, strong demand from the transportation industry and modern developments of oil and gas exploration and production activities are some of the factors driving Pakistan Oil And Gas market growth. Increasing exports and imports of oil and gas on the account of surged demand across the world are fuelling the market growth. Global oil demand is estimated at 104 MMbbl/d in 2025 and natural gas continues to expand its share across major markets. Oil and gas companies will need to expand their production to meet emerging demand in the…

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PARIS: The Financial Action Task Force (FATF) on Friday decided to keep Pakistan on the greylist for another four months till June 2020. FATF authorities will review Pakistan’s implementation on the anti-money laundering watchdog’s recommendations during its next plenary meeting in June 2020. At the conclusion of its plenary meeting, the FATF stated Pakistan’s progress or implementation on its recommendations as ‘satisfactory’. It said that Pakistan had implemented additional nine recommendations put forward by the task force. “Pakistan’s political commitment has led to progress in a number of areas in…

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Turkmenistan plans to hold an international conference titled “TAPI – The Gas Pipeline for Peace and Cooperation” on Feb. 24-25 in Dubai, the UAE, Trend reports with reference to the Turkmenistan State News Agency. Turkmenistan”s Deputy Prime Minister Myratgeldi Meredov said earlier at a government meeting that an international forum to attract foreign investment in the country”s oil and gas industry will be held along with the conference. Representatives of major global oil and gas companies, financial institutions, research institutes and international organizations are expected to attend the event. Prospects…

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According to an official “The drilling began on 14th December 2019 at the Shale gas well, KUC-01 (Kunar Unconventional-1), is in progress. As of January 30, 2020 the well was drilled towards downward of 2,487 meters that will be taken to 3,910 meters in Chiltan formation,”interesting reading:  PTCL initiates its 1st Digital Learning Hackathon 2019 Presently, the Oil and Gas Development Company Limited (OGDCL) and United Energy Petroleum Limited (UEPL) are taking responsibility for shale gas & oil exploration projects in Sindh Province. A study, done in partnership with United States Agency…

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