KARACHI: Ministry of Finance has made clubbed amendments to the NEPRA Act with the Finance Bill 2020-21 to get it passed before July 1, 2020 as per agreement with the International Monetary Fund (IMF) aimed at empowering the regulator to pass on the cost of the inefficiencies of the power sector to the consumers through imposition of the Debt Servicing…
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Pakistan LPG Marketers Association has warned of imminent shortage of liquefied petroleum gas (LPG) in the country following discontinuation of an agreement between Sui Southern Gas Company (SSGC) and Jamshoro Joint Venture Limited (JJVL). “We have noted with great concern that production has been shut down at JJVL. Many of our member LPG marketing companies were receiving LPG from JJVL.…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 24th Jun, 2020 ) :The government has so far released funds amounting to Rs287.289 million to execute seven petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs304.997 million. According to the official data as of June 19 that showed a slight readjustment in funds’…
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The Cabinet Committee on Energy (CCOE) has approved the abandoning of the proposed 700-megawatt Datang coal-based power project of K-Electric. The power project had been designed to run on local coal, once it is commercially available. Sources told The Express Tribune that in its letters written to the Ministry of Energy, the power utility had requested for a notification of…
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The Islamabad High Court (IHC) rejected on Tuesday an oil marketing company’s plea to stop the Federal Investigation Agency (FIA) from taking action against it in the fuel crisis case. Hearing the petition filed by Attock Petroleum, IHC Chief Justice Athar Minallah issued notices to the Ministry of Energy, Oil and Gas Regulatory Authority (Ogra), the government’s recently formed fuel…
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ISLAMABAD (Dunya News) – The gas companies have submitted a petition in Oil and Gas Regularity (OGRA) to increase gas tariff by Rs85-623 per mmbtu to be effective from July 01. The Sui Northern Gas Pipelines Limited (SNGPL) has sought the increase in gas price by Rs623 per mmbtu and Sui Southern Gas Company (SSGC) has pleaded for increase in…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has been urged to reduce the gas tariff by 40 percent, in line with sharp decline in crude oil and furnace oil globally, and cap the human resource expenditure of the Sui Northern Gas Pipeline Limited (SNGPL), in a public hearing on Determination of Estimated Revenue Requirements (DERR) for financial year 2020-2021,…
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ISLAMABAD: Strongly opposing a petition for almost 110 per cent higher gas rates, various stakeholders on Wednesday demanded rather substantial reduction in prices in line with drastic fall in international oil prices. The Oil & Gas Regulatory Authority (Ogra) had called a public hearing on the request of Sui Northern Gas Pipelines Limited (SNGPL) which is seeking almost 110pc increase…
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Elengy Terminal Pakistan Limited (ETPL), a joint venture between Vopak LNG Holding BV and Engro Corporation, has planned to set up the first onshore liquefied natural gas (LNG) storage and regasification terminal at Port Qasim, Karachi. In this regard, the project management has invited expressions of interest from interested parties, which intend to secure regasification, storage and other operational services…
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Signing Agreement 1124 MW Project
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