Day: October 21, 2020

The US and Canadian governments have been desperate to build new pipelines to ferry oil and gas from offshore developments for decades and at every twist and turn they have been met by legal challenges and protests thwarting their plans. We map out the development of some key oil and gas pipelines on the continent. Used to transport liquids and gases over long distances, oil and natural gas pipelines play a substantial role in the energy economy. Despite the fact that North America consumed around 1.02 billion metric tons of oil…

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ISLAMABAD: The Cabinet Committee on Energy (CCoE), in its upcoming meeting, may approve the import of furnace oil to meet the country’s energy needs in the ongoing winter season. According to sources, the Power Division has requested the CCoE to direct the Petroleum Division make necessary arrangements for the import of 736,078MT of high sulfer furnace oil (HSFO) and 362,080MT of low sulfur fuel oil (LSFO), which would be required for Oct 2020-Jan 2021 to maintain adequate supply and strategic reserves. Similarly, the committee was requested to direct the Finance Division…

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ISLAMABAD: Energy Minister Omar Ayub Khan said on Monday that the Sindh government would be directly responsible for gas shortage in Karachi as it was not meeting its responsibilities in this regard. Taking to Twitter, the minister said that the Sindh government has not so far given the right of way (ROW) permission for the 17km Sui Southern Gas Company (SSGC) pipeline despite repeated letters and meetings with the concerned officials for the last one-and-a-half-year. “Sindh government will be directly responsible for any gas shortages in Karachi,” he maintained. Separately, Omer…

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ISLAMABAD: The World Bank has appreciated the government’s ongoing reform efforts, particularly in the power, governance and financial sectors, and may enhance its assistance to support the reforms process besides balancing a mix between project mode of financing and programme lending. Hartwig Schafer, Vice President of World Bank Group for South Asia Region, during a video conference with Economic Affairs Minister Khusro Bakhtiar, also praised the government initiatives to successfully combat and curtail the impact of Covid-19 pandemic. During the virtual meeting, the two sides discussed the performance of the…

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ISLAMABAD: A parliamentary panel refused on Monday to approve two bills proposing blanket powers for government functionaries to impose surcharges on electricity consumption and powers for police to arrest consumers for theft. A ruling party parliamentarian from Karachi walked out of the meeting in protest over rules that stop parliament from holding K-Electric accountable for the city’s misery. The meeting of the National Assembly’s Standing Committee on Power, presided over by MNA Chaudhry Salik Hussain, saw an exchange of political point-scoring between Energy Minister Omar Ayub Khan and PPP’s Shazia…

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